DCB Bank Limited approves raising of Funds of Rs. 150 crores

The Managing Director & CEO in consultation with the Chairman and the Chief Financial Officer has approved today the issuance of Unsecured Non Convertible Tier 2 Bonds for an aggregate amount not exceeding Rs.150 crores (Rupees One Hundred Fifty Crores), on private Placement Basis.

The other terms and conditions of the Issue such as tenor, coupon, maturity, terms of interest payment etc would be decided by the Chairman and/or the Managing Director and/or the Chief Financial Officer.

Shares of DCB Bank Limited was last trading in BSE at Rs.204.45 as compared to the previous close of Rs. 196.2. The total number of shares traded during the day was 307063 in over 2897 trades.

The stock hit an intraday high of Rs. 206.5 and intraday low of 194.4. The net turnover during the day was Rs. 61937000.

Source : Equity Bulls

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