Dewan Housing Finance Corporation has sold 0.58% stake in Dhanlaxmi Bank on February 21, 2012 at the NSE. It sold 0.49 million shares of the bank at an average price of Rs 65.01 a share amounting to Rs 3.21 crore.
Earlier, Bessemer India Capital sold 1.06% stake in Dhanlaxmi Bank on February 15, 2012 at the NSE. The company has sold 0.90 million shares of the bank at an average price of Rs 65.53 a share amounting to Rs 5.94 crore.
Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.
