Development Credit Bank Ltd (DCB) has informed BSE that the Capital Raising Committee (CRC) of the Bank at its meeting held on November 18, 2009, has allotted 2,37,25,835 fully paid-up equity shares of Rs. 10 each at an issue price of Rs. 34.14 per Equity Share (including premium of Rs. 24.14 per Equity Share) aggregating to Rs. 81,00,00,006.90 (Rupees Eighty One Crores Six and Paise Ninety only) to Qualified Institutional Buyers (QIBs) by way of a Qualified Institutions Placement (QIP) in terms of Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
With completion of the Allotment process, as required by the Reserve Bank of India (RBI) vide their letter dated November 03, 2009, the Bank shall be providing the details of allotment made to RBI for their post facto approval.
| NIFTY 
