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DCB Bank has raised Rs 378.80 cr through QIP

DCB Bank has raised around Rs 378.80 crore through issuing shares to qualified institutional on private placement basis.

DCB Bank has said in a regulatory filing that the bank offered 21,770,000 equity shares to qualified institutions buyers under the QIP at an issue price of Rs 174 per share.

A senior official of the bank had said earlier that infusion of up to Rs 400 crore through the qualified institutions placement (QIP) will help it to add up to 2 percentage points to the core capital buffer.

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