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Dhanlaxmi Bank Ltd Updates On Issue Of Equity Shares

Thursday, 4 Apr 2013 12:41am EDT 

Dhanlaxmi Bank Ltd announced that with reference to the issue of Equity Shares of up to INR700 million to QIBs through a qualified institutions placement in terms of Chapter VIII of ICDR Regulations, the Equity Issuance Committee of the Board of the Bank has, at its meeting held on April 03, 2013, decided to close the bid period, at a price of INR46.50 per Equity Share for issuance of up to 15,023,300 Equity Shares, further the Company announced that, the floor price in respect of the Issue, based on the pricing formula under Regulation 85(1) of the ICDR Regulations with a discount of 0.94% on the floor price in terms of the provison to Regulation 85(1) of the ICDR Regulation, was INR46.50 per Equity share, and the ‘relevant date’ for this purpose, in terms of Regulation 81(c) of the ICDR Regulations, was April 02, 2013. 

Company Quote

0.05 +0.13%
19 Dec 2014