Dhanlaxmi Bank board approves raising funds of Rs300 crore

6 Dec 2022 , 01:11 PM

The Board of Directors of Dhanlaxmi Bank Ltd at its meeting held on December 05, 2022, has considered and approved the raising of funds proposal.

According to the regulatory filing, the Bank has approved the fund raising option by way of issuance of NonConvertible Debentures (NCDs) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs300 crore in one or more tranches over a period of time, subject to approval of Regulators / Shareholders, as may be required.

At around 1:11 PM, Dhanlaxmi Bank Ltd is currently trading at Rs18.60 per share down by Rs0.8 or 4.12% from its previous closing of Rs19.40 per share on the BSE.

The scrip opened at Rs19.50 per share and has touched a high and low of Rs19.75 per share and Rs18.35 per share respectively so far today. The current market cap of the company is Rs490.84 crore.

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