Dhanlaxmi Bank proposes to mobilise Rs 51 crore by issuing shares

THRISSUR: Private sector Dhanlaxmi Bank (DLB) Limited has proposed to mobilise Rs 51 crore by issuing 85 lakh equity shares with an issue price of Rs 60 per share with a face value of Rs 10 each.

The objective of the issue would be to augment long term capital for meeting strategic business needs of the bank.

The issue of the shares would be on preferential allotment basis, subject to the approval of the RBI, SEBI and other concerned authorities, bank sources said.