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Dena Bank public issue: A precursor

Jan 14, 2005

The second public issue of Dena Bank, one of the oldest public sector banks in the country, will open on January 24, 2005. Through this public issue, the company has put on offer 80 m equity shares of the face value of Re 10 each. The issue is on a fixed price basis at a premium of Rs 17 over and above the face value. At a price of Rs 27 per share, the issue aggregates to Rs 2.2 bn. The issue will bring down the government holding in the bank from the present 71% to 51%.

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