Public sector lender Dena Bank has raised Rs 401.26 crore by issuing equity shares through the qualified institutional placement (QIP). The Issue Committee of the board of directors of the bank at the meeting held on October 13 approved the closure of the QIP.
The Issue Committee approved the issue price of Rs 29.30 an equity share, with a discount of 5 per cent or Rs 1.54 an equity share for an aggregate value of Rs 401.26 crore, to be allotted to eligible qualified institutional buyers (QIBs) in the QIP.
Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.
Company Name | CMP |
---|---|
SBI | 830.10 |
Bank Of Baroda | 265.15 |
PNB | 129.40 |
Canara Bank | 118.00 |
Union Bank Of India | 160.20 |
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