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  1. Dhanlaxmi Bank to raise Rs 200 crore by issuing equity

Dhanlaxmi Bank to raise Rs 200 crore by issuing equity

Dhanlaxmi Bank today said it will raise Rs 200 crore through issuance of equity shares on preferential basis.

By: | New Delhi | Published: July 5, 2016 4:09 PM
"The Board of Directors of the Bank at its meeting held on July 4 approved the proposal for further issue of equity shares up to a maximum of Rs 200 crore on preferential allotment basis," it said in a regulatory filing. (Source: Website) “The Board of Directors of the Bank at its meeting held on July 4 approved the proposal for further issue of equity shares up to a maximum of Rs 200 crore on preferential allotment basis,” it said in a regulatory filing. (Source: Website)

Dhanlaxmi Bank today said it will raise Rs 200 crore through issuance of equity shares on preferential basis.

The decision was taken at the bank’s board meeting which was held yesterday.

“The Board of Directors of the Bank at its meeting held on July 4 approved the proposal for further issue of equity shares up to a maximum of Rs 200 crore on preferential allotment basis,” it said in a regulatory filing.

The bank said a postal ballot was held for seeking approval of the shareholders to raise the money.

Dhanlaxmi Bank shares were trading 1.67 per cent up at Rs 24.40 on BSE during the pre-closing.

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