 DCB IPO price fixed at Rs 26 per sharePublished on Tue, Oct 10, 2006 at 15:22 | Source : Moneycontrol.com Updated at Tue, Oct 10, 2006 at 18:50 Like this story, share it with millions of investors on M3
Development Credit Bank Limited, one of India's private sector bank promoted by the Switzerland-based Aga Khan Fund for Economic Development (AKFED), headquartered in Mumbai, has fixed the price at Rs. 26 per share for its Initial Public Offer (IPO) of 71,500,000 equity shares amounting to Rs. 186 crores. The issue which opened for subscription on The issue will help the bank strengthen its capital base as also help it meet the capital adequacy norms required by Basel II and recommended by the Reserve Bank of The share will be listed on National stock Exchange Limited and Bombay Stock Exchange Limited. The book running lead managers to the issue are JM Morgan Stanley Private Limited and Enam Financial Consultants Private Limited. Intime Spectrum Registry Limited is the Registrar to the Issue. Sourced From: Adfactors Public Relations Pvt Ltd
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