Epic Research

Monday, October 20, 2014

Epic Research Update : DCB Bank

Epic Research Update : DCB BankDCB 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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