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DCB sets price band of Rs 22-26/share for IPO

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Press Trust of India Mumbai
 The proceeds of the issue will be used to strengthen the bank's capital adequacy ratio to 19.5% from the current 9%. "This will allow the bank to grow," Adil Kasad, CFO of the bank, said.

The offer opens on September 29 and closes on October 6.

 

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First Published: Sep 25 2006 | 4:51 PM IST

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