Dena Bank To Raise Rs 1800 Cr Via QIP



Dena Bank, a public-sector bank is planning to mop up Rs 1800 crore via qualified institutional placement (QIP) of shares.

The bank said it will raise the capital in one or more tranches by issuing various tier-I and II instruments.

Dena Bank on the NSE during Friday’s trading session opened with a gap-up at Rs 34.55 per share as compared to its previous close of Rs 34.05 per share on Thursday.

The stock has delivered 17% in a period of one year. It has underperformed the BSE small-cap and BSE Bankex over the same time period.

Dena Bank’s business segments include treasury operations, corporate/wholesale banking, retail banking and other banking operations. The bank offers deposits and loans, and Internet banking, corporate banking facilities and international banking.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 ✔ 
Give a Missed Call for Free Trial - 09699997717 ✔
Share on Google Plus

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.

0 comments: