Dhanlaxmi Bank has raised around Rs 70 crore by issuing equity shares to QIBs through a qualified institutions placement. A total of 15,023,300 equity shares were issued at price of Rs 46.50 per share, aggregating to the worth of around Rs 69.86 crore. The price fixed is at 6.34% discount to its market price of Rs 49.45 (Closing Price as on April 2, 2013).
The bank has reported a net profit of Rs 4.39 crore for the quarter ended December 31, 2012 as compared to a net loss of Rs 36.87 crore for the same quarter in the previous year. However, total income of the bank has decreased by 9.91% at Rs 352.11 crore for quarter under review as compared to Rs 390.85 crore for the quarter ended December 31, 2011.
