On 24 April 2017
DCB Bank announced that the Capital Raising Committee of the Bank (the 'Committee') in its meeting held on 24 April 2017 which concluded at 07:05 p.m. has, inter alia, passed the following resolutions:a. Approving the preliminary placement document dated 24 April 2017 in connection with the QIP;
b. Authorising the opening of the QIP on 24 April 2017; and
c. Approval of the floor price for the QIP.
The 'Relevant Date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI ICDR Regulations, is 24 April 2017 and accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed under Regulation 85(1) of the SEBI ICDR Regulations is ' 177.39 per Equity Share. Pursuant to Regulation 85 of the SEBI ICDR Regulations the Bank may offer a discount of not more than 5% on the floor price so calculated for the QIP.
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