Dena Bank to issue equity shares to raise capital

January 09, 2017 11:21

State-run Dena Bank today said its board has approved raising of share capital by up to Rs 360 crore through issue of equity shares.

"The Board of Directors...has approved raising of share capital (including premium) of the bank up to amount of Rs 360 crore by issue of equity shares via FPO/rights issue/QIP/preferential/Employee Stock Purchase Scheme etc. at appropriate time," Dena Bank said in a BSE filing.

Shares of Dena Bank were trading 0.15 per cent lower at Rs 34.25 apiece on BSE.

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