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Dena Bank has been aiming to raise up to Rs 1,800 crore through a qualified institutional placement.
The bank has said in a regulatory filing that at its annual general meeting, shareholders voted on the proposal of creating, offering, issuing and allotting equity shares up to Rs 1,800 crore in a QIP.
It added that “The Issue Committee of the Board will consider various aspects to decide the time, number of shares to be issued, number of tranches.”
