The capital raising committee of the bank at a meeting held today authorised to open the qualified institution placement (QIP) issue.
The bank may offer a discount of not more than 5 per cent on the floor price for the QIP, DCB Bank said in a regulatory filing.
A senior official of the bank earlier in January this year said that infusion of up to Rs 400 crore will help it add up to 2 percentage points to the core capital buffer and the tier-I will go up to 13 per cent after the infusion.
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