Dhanlaxmi Bank Limited — Others, 11-02-2025: Copy of Newspaper Publication

Dhanlaxmi Bank has announced a board meeting regarding the Basis of Allotment for its recent Rights Issue. The bank successfully allotted 14,168,757 Rights Equity Shares against applications received, with a total subscription amounting to approximately ₹2,975.42 crore. The subscription was well-received, indicating a positive investor sentiment as the issue saw around 161.87% oversubscription. The Rights Equity Shares will begin trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) shortly, which could offer opportunities for increased liquidity. This marks a significant step in bolstering the bank's equity base, enhancing financial flexibility.