In continuation of Letter Ref. No.HO/IRC/008/2017 dated January 7, 2017, Dena Bank has received a communication from Government of India vide its letter F.N. F/38/2014-BOA dated March 16, 2017 informing capital allocation of Rs 600 cr as part of turnaround linked infusion plan. The Board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.
The above information is a part of company’s filings submitted to BSE.