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Dena Bank issues shares to LIC

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Dena Bank issues shares to LIC

DenaBank said March 23 that it plans to issue shares to toraise up to 650 million rupees.

The bank will issue up to 21,676,267 shares to LIC at anissue price of 29.92 rupees per share.

As of March 23, US$1was equivalent to 66.89 Indian rupees.