Dena Bank to float second public issue

Dena Bank to float second public issue

Friday, January 14, 2005 (Mumbai):

Mid-size public sector bank Dena Bank is going in for its second public issue worth Rs 216 crore.

This includes a face value of Rs 80 crore and a premium of Rs 136 crore.

The issue is being floated to ensure future capital adequacy ratio and to organize the capital base of the bank.

Eight per cent of the issue will be on offer for the Indian public.

The government's holding in the bank will go down to 51.19 per cent from the current 71 per cent after the issue.

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