Dena Bank has received capital infusion of Rs 700 crore from the Government of India (GOI) towards issuance and allotment of equity shares on preferential basis. Post capital infusion, the paid-up capital share capital of the bank has increased from Rs 350.05 crore to Rs 468.64 crore and GOI’s holding in the bank has increased from 55.24% to 66.57%.
Earlier, shareholders of the bank, at an extraordinary general meeting on December 24, passed a special resolution authorizing the issuance of 11,85,83,770 equity shares of Rs 10 each to Government of India (GOI) on preferential allotment basis at a price of Rs. 59.03 per equity share (including a premium of Rs. 49.03 per share).
Shareholders of Dena Bank have also passed a special resolution authorizing the bank to access capital market for raising capital upto the extent of Rs 800 crore (including premium) by issuing equity shares by way of Qualified Institutional Placement (QIP) in one or more tranches.
Earlier, shareholders of the bank, at an extraordinary general meeting on December 24, passed a special resolution authorizing the issuance of 11,85,83,770 equity shares of Rs 10 each to Government of India (GOI) on preferential allotment basis at a price of Rs. 59.03 per equity share (including a premium of Rs. 49.03 per share).
Shareholders of Dena Bank have also passed a special resolution authorizing the bank to access capital market for raising capital upto the extent of Rs 800 crore (including premium) by issuing equity shares by way of Qualified Institutional Placement (QIP) in one or more tranches.
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