Dena Bank has informed BSE that Government of India, Ministry of Finance vide letter dated August 19, 2015 has conveyed its decision to infuse capital funds to the tune of Rs. 407 crore (Four Hundred and Seven Crore) in the Bank by way of preferential allotment of equity in favour of the Government of India.<BR><BR>Board vide circular resolution dated August 20, 2015 has, inter alia, given approval for raising of Equity Share Capital of the Bank upto Rs. 407 cr by issuance of Equity Shares to GOI on Preferential basis at price fixed as per SEBI (ICDR) Regulations, 2009.<BR><BR>Further, Bank is taking necessary steps / approvals in this regard.
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