Dena Bank allots 11.85cr equity shares to President of India

Dec 27, 2013, 02.12 PM IST

Dena Bank has allotted 11,85,83,770 equity shares of Rs 10 each at a premium of Rs 49.03 per share to President of India (Government of India) on preferential basis.

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Dena Bank allots 11.85cr equity shares to President of India

Dena Bank has allotted 11,85,83,770 equity shares of Rs 10 each at a premium of Rs 49.03 per share to President of India (Government of India) on preferential basis.

Like this story, share it with millions of investors on M3

Dena Bank allots 11.85cr equity shares to President of India

Dena Bank has allotted 11,85,83,770 equity shares of Rs 10 each at a premium of Rs 49.03 per share to President of India (Government of India) on preferential basis.

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Dena Bank has informed BSE that the Issue Committee of the Board of the Bank at its meeting held on December 26, 2013 has allotted 11,85,83,770 Equity Shares of Rs.10/- each at a premium of Rs. 49.03 per share to President of India (Government of India) on preferential basis. Consequent upon this issue, the Subscribed and Paid-up Capital of the Bank gets raised to 468,64,22,970 Equity Shares and Government of India holding gets increased to 66.57% from 55.24%.The Equity shares so allotted shall rank pari-passu with the existing equity shares of the Bank including Dividend, If any and will be locked in for a period of 3 years from the date of trading approval, as per the SEBI (ICDR) Regulations, 2009.Source : BSE

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