Dhanlaxmi Bank to raise Rs.200 crore through QIP

The Board of Directors of Dhanlaxmi Bank Ltd at its meeting held on October 31, 2012, has given their approval to raise equity capital not exceeding Rs. 200 Crore (including premium) through Qualified Institutional Placement (QIP).

The Dhanlaxmi Bank Ltd stock was trading at Rs.54.70, up by Rs.0.75 or 1.39%. The stock hit an intraday high of Rs.55 and low of Rs.53.10.

The total traded quantity was 0.62 lakhs compared to 2 week average of 1.26 lakhs.

Source : Equity Bulls

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