On December 5, DCB Bank witnessed a noteworthy 4.2% surge in opening shares, prompted by the announcement of promoter entity Aga Khan Fund for Economic Development’s (AKFED) expressed interest in investing $10 million. By 9:40 am, the stock was trading at Rs 117.70 per share.
A regulatory filing from DCB Bank confirmed that the Aga Khan Fund for Economic Development has signaled its intent to invest up to $10 million by subscribing to additional equity shares of the bank. This investment is set to comply with all relevant laws and regulations.
As of 1:44 pm, the shares were trading 3.14% higher at ₹116.50.
