Dena Bank to raise Rs 360 cr share capital via equities

09/01/2017 12:40

State-owned Dena Bank on Monday said it has received its board approval for raising of share capital by up to Rs 360 crore via issue of equity shares.

“The Board of Directors of the bank at its meeting held on January 07, 2017 has approved raising of share capital (including premium) of the bank upto amount of Rs 360 crore by issue of equity shares through FPO/Rights Issue/QIP/Preferential/Employee Stock Purchase Scheme etc. at appropriate time,” the public-sector lender said in a filing to the Bombay Stock Exchange on January 9, 2017.

Meanwhile, shares of the bank were trading at Rs 34.05 apiece, down 0.73 per cent, from previous close on BSE at 12:44 hours.

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