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Dhanlaxmi Bank board approves rights issue of Rs130 crore; Stock gains over 1%

21 Mar 2022 , 11:26 AM

The Board of Directors of Dhanlaxmi Bank Ltd at its meeting held on March 17, 2022, has inter-alia considered and approved the augmentation of paid up capital by issue of equity shares on a rights basis for an aggregate amount not exceeding Rs130 crore (including premium) to the eligible Shareholders of the Bank.

The further details of Rights issue including the pricing of the issue, record date, ratio and other details will be informed in due course, said company in a regulatory filing.

At  around 11:28 AM, Dhanlaxmi Bank was trading at Rs12.99 apiece up by Rs0.18 or 1.41% on the BSE.

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