On 26 March 2014
Dena Bank has announced that the lssue Committee of the Board of the Bank at its meeting held on 26 March 2014 allotted 5,32,98,053 and 1,58,76,015 equity Shares of Rs 10 each at a premium of Rs 42.91 per share to LIC of lndia and GIC of lndia, respectively on preferential basis.Consequent upon this issue, the subscribed and paid-up capital of the Bank is increased to Rs 537.81 crore and Government of lndia holding will be at 58.01%.
The equity shares so allotted shall rank pari-passu with the existing equity shares of the Bank including dividend, if any and will be locked in for a period of one year from the date of trading approval received from stock exchanges, as per the SEBI (ICDR) Regulations, 2009.
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