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Dena Bank aims to raise Rs 1,800 crore through qualified institutional placement (QIP) of shares.
The bank is going to place the proposal to “create, offer and allot equity shares up to Rs 1,800 crore at such an issue price to be determined by the Issue Committee of the Board as QIP” before shareholders at the annual general meeting to be held on June 27.
The bank has said that it is going to raise the capital in one or more tranches through issuing various tier-I and II instruments.
