Dena Bank, the public sector lender, has received shareholders' approval to issue and allot up to 8,41,08,286 equity shares of face value of Rs 10 each to the Government of India (GoI), on preferential basis, for cash at issue price of Rs 48.39 per share including premium of Rs 38.39 per share aggregating up to Rs 407 crore.
The Government had last month announced capital infusion in 13 public sector banks, including PNB, SBI, IDBI, Bank of Baroda, Canara Bank and Dena Bank. The government is to infuse a total of Rs 20,088 crore in these banks.
Dena Bank has reported 81.40% fall in its net profit at Rs 15.16 crore for first quarter ended June 30, 2015 as compared to Rs 81.52 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.20% at Rs 2914.87 crore for quarter under review as compared to Rs 2824.58 crore for the quarter ended June 30, 2014.
