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Dena Bank has got board approval to dilute govt stake

Dena Bank, the public sector lender has got board’s approval to dilute the government holding to up to 52 percent and raise capital up to Rs 2,500 crore from various bonds.

The bank has said in a BSE filing that “To raise equity capital of the bank by diluting GOI holding up to 52 percent, on obtaining necessary approval government”.

At the end of September 30, the government’s stake in the bank was 65 percent.

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