Dena Bank has informed that Government of India, Ministry of Finance vide letter dated August 19, 2015 has conveyed its decision to infuse capital funds to the tune of Rs 407 crore in the Bank by way of preferential allotment of equity in favour of the Government of India. Board vide circular resolution dated August 20, 2015 has given approval for raising of Equity Share Capital of the Bank up to Rs 407 cr by issuance of Equity Shares to GOI on Preferential basis at price fixed as per SEBI (ICDR) Regulations, 2009. Further, Bank is taking necessary steps / approvals in this regard.
The above information is a part of company’s filings submitted to BSE.
