On 22 March 2014
Dena Bank has announced that at the extraordinary general meeting (EGM) of the Bank was held on 22 March 2014, the members approved to raise capital by way of issue and allotment of 5,32,90,053 equity shares of Rs 10 each for cash at Rs 52.91 aggregating up to Rs 282 crore on preferential basis to LIC of India and 1,58,76,015 equity shares of Rs 10 each for cash at Rs 52.91 aggregating up to Rs 84 crore on preferential basis to GIC of India.The Government of India's shareholding in the Bank, which is presently at 66.57%, will be at 58.01% with the proposed issue of equity shares.
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