/ Plans Rs. 1,800 cr Fund Raise By QIP – Dena Bank ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 28 June 2017

Through the Qualified Institutional Placement, Dena Bank it plans to raise at Rs. 1,800 Cr. General Meeting the shareholders they voted the proposal for creating, offering, issuing and allotting the equity shares to Rs. 1,800 Cr in a QIP it says in the regulatory filing.

Dena Bank said that it will raise capital within that period of 1 year and getting the shareholder approval. In the Issue Committee Of the Board it considers the various aspects of deciding the time, no. of shares which should be issued, and the no. of tranches.

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