Dhanlaxmi Bank to raise Rs 1,000 crore

Thrissur-based Dhanlaxmi Bank has received the Reserve Bank of India’s green signal to raise Rs 1,000 crore as capital in two phases in the next four months, managing director Amitabh Chaturvedi said.

In the first phase, Rs 500 crore would be raised from private investors by May 15, he said. The remaining Rs 500 crore will be raised through global depository receipts and eligible qualified institutional investors. A couple of companies from the US and the UK have also shown interest in investing in the bank.

Source: Business Standard