DENA BANK - Allotment of Equity Shares to President of India (GQI) on preferential basis

Dena Bank has informed BSE that consequent to passing of Special Resolution by the shareholders at the EGM of the Bank held on March 23, 2015 and upon receipt of funds from Government of India, the Bank has, on March 31, 2015 allotted 2,33,33,333 Equity Shares of face value of Rs.10/- each for cash at a premium of Rs.50/- to President of India (Government of India) on preferential basis.<BR><BR>Consequent upon this issue, the Subscribed and Paid-up Capital of the Bank gets raised to Rs.561.15 cr consisting of 56,11,49,698 Equity Shares of Rs. 10/- each and Government of Indias holding gets increased to 59.75% from 58.01%.<BR><BR>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 three years from the date of receipt of trading approval from Stock Exchanges, as per the SEBI (ICDR) Regulations, 2009.