Dena Bank rose 1.98% to Rs 25.80 at 11:45 IST on BSE after the bank announced capital infusion by Government of India in the bank.
The announcement was made on Saturday, 30 December 2017.Meanwhile, the S&P BSE Sensex was down 18.77 points, or 0.06% to 34,038.06. The S&P BSE Small-Cap index was up 185.47 points, or 0.96% to 19,416.19, outperforming the Sensex.
On the BSE, 3.68 lakh shares were traded in Dena Bank counter so far, compared with average daily volumes of 5.19 lakh shares in the past one quarter. The stock had hit a high of Rs 25.95 and a low of Rs 25.45 so far during the day. The stock had hit a 52-week high of Rs 50 on 9 May 2017. The stock had hit a 52-week low of Rs 23.70 on 18 December 2017.
The small-cap state-run bank has equity capital of Rs 1130.85 crore. Face value per share is Rs 10.
Dena Bank said that the bank on 29 December 2017 received infusion of Rs 243 crore from Government of India towards contribution of the Central Government in the preferential allotment of equity shares.
The same has been kept as share application money and would be issued after necessary approvals/permissions.
The board approval for the same is already in place. This is within the approval of the board on 9 May 2017 for raising common equity tier 1 (CET1) capital upto an amount of Rs 1800 crore in one or more tranche.
Dena Bank reported net loss of Rs 185.02 crore in Q2 September 2017 compared to net loss of Rs 44.32 crore in Q2 September 2016. Total income fell 10.5% to Rs 2608.83 crore in Q2 September 2017 over Q2 September 2016.
Government of India holds 61.53% stake in Dena Bank (as on 21 October 2017).
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