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DCB Bank launches share sale to institutions

Bank has set floor price of Rs 177.39 a share for so-called qualified institutional placement

DCB Bank launches share sale to institutions

Reuters Mumbai

Mid-sized Indian lender DCB Bank Ltd has launched a share sale to institutions, according to a stock exchange filing on Monday.

The bank has set a floor price of Rs 177.39 a share for the so-called qualified institutional placement, the filing showed.

It was not immediately known how much the bank was looking to raise from the share sale.

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First Published: Apr 24 2017 | 9:42 PM IST

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