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LIC to pick 5 pct stake in Dena Bank

Published on Mon, Feb 06, 2012 at 15:20 |  Source : Reuters

Updated at Mon, Feb 06, 2012 at 15:38  

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MUMBAI (Reuters) - State-run Dena Bank Ltd.'s board has approved a preferential allotment of shares to Life Insurance Corp., a top official of the lender said.

Life Insurance Corp. will hold 5 percent stake in Dena Bank post allotment, Sudhir Kumar Jain, general manager treasury, Dena Bank said on Monday.

(Reporting by Swati Pandey)

  

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