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DCB Bank is close to closing a 1,500 crore rupee Tier 1 capital raise before December, in talks with multiple players including Kedaara Capital/Chrys Capital
By ScoutQuest · · 1 min read
- Tier 1 capital raise target
- 1500 crore rupees
Heard on business television between 11:43:17 - 11:46:17 IST.
- MD & CEO Pravin Kutti said the bank is very close to closure on the 1,500 crore rupee Tier 1 capital raise and holds to its December timeline.
- Confirmed talks with multiple players, including Chris Capital, but said they are not the only one being discussed.
- Discussions are ongoing on quantum, price, preference for QIP route, and timing.
- Kutti said he would be surprised if the deal wraps up by end of November, indicating closure nearer December.
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