DCB Bank has raised around Rs 250 crore of Tier I Capital through a recently concluded Qualified Institutions Placement (QIP). The board of directors of DCB Bank has approved the issue and allotment of 30,432,136 equity shares of face value Rs 10 each to eligible qualified institutional buyers (QIBs) at the issue price of Rs 82.15 per equity share, aggregating to approximately Rs 250 crore.
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