Outcome of board meeting of Dena Bank

Held on 03 December 2015

Dena Bank announced that in the meeting of the Board of Directors of the Bank held on 03 December 2015 the Capital Planning for the FY 2015-16 was considered and it was approved

1. to raise AT1 capital upto an amount of Rs. 1,500 crore in one or more tranche, in one or more instruments;

2. to raise Tier 2 capital upto an amount of Rs. 1,000 crore in one or more tranche, in one or more instruments;

3. to raise Equity Capital of the Bank by diluting GOI holding upto 52%, on obtaining necessary approval from GOI.

 

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