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India's Dena Bank to raise 30.45B rupees in share issue

Dena Bank plans to raise up to 30.45 billion rupees through the issuance of equity shares to the Indian government on a preferential basis.

The issuance is subject to shareholder approval, the bank said Feb. 15.

As of Feb. 15, US$1 was equivalent to 63.93 Indian rupees.