Development Credit Bank ( DCB) advances over 3%, touching the day's low of Rs43.60, after the private sector bank said its board has approved the allotment of 2.06 crore equity shares at Rs47.84 per share on preferential basis to three investors.
Development Credit Bank ( DCB) said that its board of directors at a meeting held on March 28, 2012, allotted total of 2.06 crore equity shares at Rs47.84 per share on preferential basis to three investors -- WCP Holdings III, Tano Mauritius India FVCI II and TVS Shriram Growth Fund I. These shares have a lock-in period of one year from the date of allotment i.e. March 28, 2012, DCB said.
Development Credit Bank ( DCB)'s net profit rose 91.4% to Rs15.64 crore on 26.2% growth in total income to Rs209.72 crore in Q3 December 2011 over Q3 December 2010.
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Development Credit Bank ( DCB) said that its board of directors at a meeting held on March 28, 2012, allotted total of 2.06 crore equity shares at Rs47.84 per share on preferential basis to three investors -- WCP Holdings III, Tano Mauritius India FVCI II and TVS Shriram Growth Fund I. These shares have a lock-in period of one year from the date of allotment i.e. March 28, 2012, DCB said.
Development Credit Bank ( DCB)'s net profit rose 91.4% to Rs15.64 crore on 26.2% growth in total income to Rs209.72 crore in Q3 December 2011 over Q3 December 2010.
....more info