DCB Bank Limited announced a private placement and it will issue up to 60,58,394 equity shares having face value of INR 10 each, for issue price of INR 137 per equity share (face value of INR 10 and premium of INR 127) for a gross proceeds INR 829,999,978 on December 8, 2023. The transaction will include participation from returning investor Aga Khan Fund For Economic Development. The company will raise the funding on preferential basis.

Post completion of the transaction the stake of investor will increase from 14.02% to 15.66% and shares will increase from 43,750,052 shares to 49,808,446 shares. The transaction was approved by the board of directors of the company and subject to approval of the shareholders of the company and such other regulatory and / or statutory approvals, as may be applicable.