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Dena Bank informs about company updates

18 Mar 2017 Evaluate

In continuation of Letter Ref. No.HO/IRC/008/2017 dated January 7, 2017, Dena Bank has received a communication from Government of India vide its letter F.N. F/38/2014-BOA dated March 16, 2017 informing capital allocation of Rs 600 cr as part of turnaround linked infusion plan. The Board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.

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

Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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