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Dena Bank informs about outcome of board meeting

03 Dec 2015 Evaluate

Dena Bank has informed that in the meeting of the Board of Directors of the Bank held on December 03, 2015 the Capital Planning for the FY 2015-16 was considered and it was approved to raise AT1 capital up to an amount of Rs 1,500 cr in one or more tranche, in one or more instruments; to raise Tier 2 capital up to an amount of Rs 1,000 cr in one or more tranche, in one or more instruments; and to raise Equity Capital of the Bank by diluting GOI holding up to 52%, on obtaining necessary approval from GOI.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 1036.15
PNB 105.40
Bank Of Baroda 251.00
Canara Bank 128.80
Union Bank Of India 164.50
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