Dhanlaxmi Bank approves fund raising of ₹300 crore through rights issue
Tue, Oct 22, 2024 6:04 PM

Dhanlaxmi Bank approves fund raising of ₹300 crore through rights issue

A Flip by Avya Verma
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Thrissur-based gold lender Dhanlaxmi Bank has announced a proposed rights issue to raise up to ₹300 crores (approximately $36 million) by issuing equity shares to its existing eligible shareholders. The decision was made during a board meeting held on October 22, 2024. This rights issue aims to strengthen the bank's capital base and is part of a broader strategy to enhance financial stability.

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