April 24, 2017 / 3:29 PM / 7 months ago

DCB Bank launches share sale to institutions

MUMBAI (Reuters) - Mid-sized Indian lender DCB Bank Ltd has launched a share sale to institutions, according to a stock exchange filing on Monday.

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/File Photo

The bank has set a floor price of 177.39 rupees a share for the so-called qualified institutional placement, the filing showed.

It was not immediately known how much the bank was looking to raise from the share sale.

Reporting by Devidutta Tripathy; editing by David Clarke

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