DCB Bank rises on planning to elevate price range up to Rs 500 crore through bonds by admin- Friday, May 10th, 2019 03:49:11 PM
DCB Bank is presently trading at Rs. 216.50, up with the aid of 1.40 factors or zero.65% from its previous closing of Rs. 215.10 at the BSE.
The scrip opened at Rs. 214.10 and has touched a high and coffee of Rs. 217.70 and Rs. 214.10 respectively. So far 33984 shares had been traded at the counter.
The BSE institution ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 219.60 on 07-May-2019 and a fifty two week low of Rs. 139.50 on 01-Oct-2018.
Last one week high and coffee of the scrip stood at Rs. 219.60 and Rs. 210.Fifty five respectively. The modern-day marketplace cap of the business enterprise is Rs. 6674.Forty six crore.
The promoters retaining within the corporation stood at 14.Ninety three%, at the same time as Institutions and Non-Institutions held fifty one.08% and 34.00% respectively.
DCB Bank is making plans to raise budget as much as Rs 500 crore by issuing bonds and associated contraptions on a non-public placement basis. The financial institution will are seeking approval from shareholders in its resulting annual trendy assembly in June for elevating of finances in Indian/foreign forex by using trouble of debt securities, lengthy terms infrastructure bonds or such different bonds inside the home/foreign places marketplace, on a personal placement foundation. The bank has been borrowing price range to satisfy the business necessities.