Date:11/09/2004 URL: http://www.thehindu.com/2004/09/11/stories/2004091102771603.htm

Business - Briefly

Dena Bank to tap market

MUMBAI, SEPT. 10. Dena Bank plans to tap the capital market with its second public offer of eight crore new shares at a premium in the third quarter this fiscal to strengthen capital adequacy for business growth.

"We are awaiting Government's approval for the proposed public issue of equity shares of Rs. 10 each and expect to tap the market in October-December 2004,'' the Dena Bank Chairman and Managing Director, Anil Khandelwal, told reporters on the sidelines of a seminar on service quality, organised by the Indian Banks Association here today. — PTI