DCB Bank Ltd approves allotment of 21770000 shares

The Capital Raising Committee of DCB Bank Ltd (the 'Committee') at its meeting held today i.e. April 28, 2017, approved the issue and allotment of 2,17,70,000 Equity Shares of face value Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs. 174.00 per Equity Share, aggregating to Rs. 3,78,79,80,000.00 (Rupees Three Hundred Seventy Eight Crore Seventy Nine Lakhs Eighty Thousand only).

Shares of DCB Bank Limited was last trading in BSE at Rs.183.3 as compared to the previous close of Rs. 182. The total number of shares traded during the day was 238898 in over 2704 trades.

The stock hit an intraday high of Rs. 184.6 and intraday low of 178. The net turnover during the day was Rs. 43488720.

Source : Equity Bulls

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