Development Credit Bank has informed that Capital Raising Committee (CRC) of the board of directors of the bank in its meeting held on December 19, 2012 has approved the allotment of 93,00,000 equity shares of Rs. 10 each for cash at a premium of Rs. 33.68 per share in terms of the Special Resolution passed by the shareholders at the extra ordinary general meeting of the bank held on December 10, 2012 and subject to Lock-in for one year from the date of allotment (December 19, 2012).
The above information is a part of company’s filings submitted to BSE.
