1. Dena Bank allots pref shares to govt worth Rs 446 crore

Dena Bank allots pref shares to govt worth Rs 446 crore

Shares of Dena Bank were trading at Rs 38.05, up 1.47 per cent, on the BSE.

By: | Published: October 4, 2016 1:19 PM
dena bank It further said: “With this allotment, the subscribed and paid-up capital of the bank gets raised to Rs 787.15 crore consisting of 78,71,49,884 equity shares of Rs 10 each and shareholding of Government of India in the bank has increased from 62.89 per cent to 68.55 per cent”.

New Delhi, Oct 4 (PTI) State-owned Dena Bank today said it has raised Rs 446 crore by allotting shares to the government on a preferential basis.

“The Issue Committee of the Board at its meeting held on October 3, 2016 has allotted 12,02,15,633 equity shares of Rs 10 each at the issue price of Rs 37.10 per equity share to President of India (Government of India) on preferential basis, aggregating up to Rs 446 crore,” Dena Bank said in a BSE filing.

It further said: “With this allotment, the subscribed and paid-up capital of the bank gets raised to Rs 787.15 crore consisting of 78,71,49,884 equity shares of Rs 10 each and shareholding of Government of India in the bank has increased from 62.89 per cent to 68.55 per cent”.

Shares of Dena Bank were trading at Rs 38.05, up 1.47 per cent, on the BSE.

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