The bank plans to raise up to Rs 500 crore by issue of equity shares to qualified institutional buyers through qualified institutional placement, and an equal amount is slated to be raised by issuing bonds, debentures or securities on a private placement basis, DCB Bank said in the annual report 2019-20.DCB Bank plans to raise up to Rs 1,000 cr via equity, debt instruments
The bank plans to raise up to Rs 500 crore by issue of equity shares to qualified institutional buyers through qualified institutional placement, and an equal amount is slated to be raised by issuing bonds, debentures or securities on a private placement basis, DCB Bank said in the annual report 2019-20.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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