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10-May2019

DCB Bank rises on planning to raise funds up to Rs 500 crore via bonds

DCB Bank is currently trading at Rs. 216.50, up by 1.40 points or 0.65% from its previous closing of Rs. 215.10 on the BSE.

The scrip opened at Rs. 214.10 and has touched a high and low of Rs. 217.70 and Rs. 214.10 respectively. So far 33984 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 219.60 on 07-May-2019 and a 52 week low of Rs. 139.50 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 219.60 and Rs. 210.55 respectively. The current market cap of the company is Rs. 6674.46 crore.

The promoters holding in the company stood at 14.93%, while Institutions and Non-Institutions held 51.08% and 34.00% respectively.

DCB Bank is planning to raise funds up to Rs 500 crore by issuing bonds and related instruments on a private placement basis. The bank will seek approval from shareholders in its ensuing annual general meeting in June for raising of funds in Indian/foreign currency by issue of debt securities, long terms infrastructure bonds or such other bonds in the domestic/overseas market, on a private placement basis. The bank has been borrowing funds to meet the business requirements.

DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.


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