DCB Bank has set issue price for its qualified institutional placement (QIP) at Rs 82.15 per equity share, a discount of 4.9 per cent, to raise funds.
"Approved the issue price of Rs 82.15 per equity share, which is at a discount of Rs 4.30, to the floor price of Rs 86.45, for the equity shares to be allotted to eligible qualified institutional buyers in the QIP," it said in a filing to the BSE.
The decision was taken today by the Capital Raising Committee of the Board at a meeting.
Apart from approving the closure of the QIP, the committee also approved and adopted placement document for the same.
The board had approved the opening of the QIP on September 29, 2014.
Scrip of DCB Bank today closed 0.37 per cent up at Rs 80.75 per share on the BSE.
