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Dhanlaxmi Bank to raise up to Rs 200 crore by next month

04 Dec 2012 Evaluate

Dhanlaxmi Bank, Thrissur-based private lender has decided to raise up to Rs 200 crore of capital by early next month. It has appointed ICICI Securities and Motilal Oswal Securities as its merchant bankers. The bank is planning to raise these funds through qualified institutional placement (QIP) and currently it is exploring other options as well.

The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.

Peers
Company Name CMP
HDFC Bank 735.10
ICICI Bank 1420.90
Axis Bank 1231.45
Kotak Mahindra Bank 458.45
Indusind Bank 862.00
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