Dhanlaxmi Bank Limited — Others, 03-01-2025: Copy of Newspaper Publication

Dhanlaxmi Bank has announced a board meeting to discuss its rights issue, with plans to issue up to 14.16 crore equity shares at a price of ₹121 each, amounting to a total of ₹2,297.54 crore. The issue will be available to eligible shareholders in a ratio of 14 shares for every 25 held, based on the record date of December 27, 2024. The rights issue opens on January 8, 2025, and closes on January 23, 2025.

This move is aimed at enhancing capital and could strengthen the bank's financial situation, potentially improving investor sentiment. However, investors should remain cautious, as market conditions could impact the success of the rights issue.