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Dena Bank to sell non-core assets

04 Jul 2018 Evaluate

Dena Bank has proposed to sell its non-core assets by selling Equity Shares of various entities.

In NSDL E-Governance Infrastructure, the bank will sell 6,25,000 equity shares of face value Rs 10 each, which is 1.563% of the total paid up equity share capital of the company and in National Securities Depository (NSDL), it will sell 2,25,000 equity shares (Lot-1) of face value Rs 10 each, which is 0.563% of the total paid up equity share capital of the company.

Further, in NSDL, the bank will sell 4,00,000 equity shares (Lot-2) of face value Rs 10 each which is 1.0% of the total paid up equity share capital of the company, while in SIDBI, it will sell 48,00,000 equity shares of face value Rs 10 each which is 0.90% of the total paid up equity share capital of the company. 
In this regard, the Bank is floating a ‘Request for Quotation’ (RFQ) for purchase of the aforesaid equity shares. 

Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.

Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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