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Dhanlaxmi Bank Ltd updates on issue of equity shares

Wednesday, 25 Dec 2013 11:31pm EST 

Dhanlaxmi Bank Ltd:Refers to the issue of equity shares of up to 1.00 billion Indian Rupees to QIBs through a qualified institutions placement in terms of Chapter VIII of SEBI ICDR Regulations.The equity issuance committee of the bank on Dec. 24 decided to close the bid period, and the issue of 17,575,000 equity shares at a price of 38.25 Indian Rupees per equity share (including a premium of 28.25 Indian Rupees per equity share), aggregating to 672,243,750 Indian Rupees is approved.Says 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 4.58 pct.In terms of the proviso to Regulation 85(1) of the ICDR Regulation, was 40.09 Indian Rupees per Equity share, and the 'relevant date' for this purpose, in terms of Regulation 81(c) of the ICDR Regulations, was Dec. 20. 

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1.4 +3.71%
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