Dhanlaxmi Bank’s stock price rose by more than 4% after the bank’s Board approved a ₹297.54 crore rights issue. The Thrissur-based gold lender plans to offer shares at ₹21 each to its existing eligible shareholders.
The rights issue, set to open on January 8, 2025, and close on January 28, 2025, aims to strengthen the bank’s capital base and support its growth strategy. This move is expected to enhance the bank’s financial stability and position it for future growth.
Dhanlaxmi Bank’s shares opened at ₹41.90 and reached a high of ₹42.80, while the lowest point was ₹41.00 today. The stock has seen a 52-week high of ₹59.00 and a low of ₹28.25.
As of 10:04 am, Dhanlaxmi Bank shares were trading 4.41% higher at Rs 42.13 on the NSE.
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