DCB Preferential Allotment

On August 30, 2007, DCB has successfully completed its planned Preferential Allotment of Rs.280 crores at a price of Rs.105 per share to a group of pedigree investors, namely:

  • Al Bateen Investment Company, LLP, Abu Dhabi, UAE
  • Tata Capital Limited, Mumbai, India
  • Tata Investment Corporation Limited, Mumbai, India
  • DCB Investments Limited, Mauritius
  • GRA Finance Corporation Limited, Mauritius (Lehman Brothers)
  • India Capital Opportunities 1 Limited, Mauritius (Mark Faber).

Pursuant to this capital raising, DCB's Share Capital has increased to Rs. 174 crores and the Net Worth now stands at Rs.575 crores as opposed to the regulatory minimum of Rs.300 crores.

 

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