Dhanlaxmi Bank Limited — Others, 15-03-2025: Trading Window
15-03-2025 · 06:23 pm
The Bank has announced a board meeting on March 19, 2025, to consider issuing non-convertible debentures in the form of Basel III compliant Tier-II Bonds, including discussions on terms and issue size. This decision is contingent upon shareholder approval at the Extraordinary General Meeting scheduled for March 18, 2025. Additionally, the Bank is closing the trading window for insiders from March 16, 2025, to maintain governance standards. Investors might view this move positively, as it could strengthen the Bank's capital base, but they should remain cautious about the potential risks associated with upcoming shareholder approvals.
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