DHANALAKSHMI BANK MAY GO FOR CAPITAL BASE REVAMP
Article Abstract:
Dhanalakshmi Bank of Thrissur is thinking of restructuring its capital base as it has calls in arrears estimated at Rs16 crore which is about 38 percent of the bank's public issue. The bank had come out with a public issue of 82 lakh shares at a premium of Rs40 per share to mobilise Rs42 crore from the market in 1996. The bank is thinking of reducing its lot size or going in for private placement of shares. It is also exploring the possibility of financial institutions investing in it. (khr)
Comment:
Thinks of restructuring capital base due to calls in arrears estimated at Rs16 crore which is about 38% of co's public issue
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
VEEJAY LAKSHMI ENGINEERING NET SLUMPS
Article Abstract:
The net profit of Veejay Lakshmi Engineering Ltd (VLEL) has declined to Rs5 lakh during the second quarter 1998-99 (Rs1.19 crore in the second quarter of 1997-98). VLEL manufactures textile machinery. It posted net sales of Rs17.62 crore (Rs18.26 crore). It has incurred a total expenditure of Rs14.55 crore (Rs14.62 crore) and interest charges of Rs1.47 crore (Rs1.22 crore). It has allocated Rs1.62 crore for depreciation (Rs1.27 crore). (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: THE LAKSHMI VILAS BANK LTD: ONE MORE YEAR OF REMARKABLE PERFORMANCE CENTRAL BANK RECORDS Rs175-CR NET PROFIT
- Abstracts: THE JAMMU AND KASHMIR BANK LTD CENTRAL BANK OF INDIA
- Abstracts: COLGATE, HLL BACK ON WARPATH. MACCL ON REVAMP DRIVE, OFFERS VRS TO EMPLOYEES
- Abstracts: CENTRAL BANK RECORDS Rs175-CR NET PROFIT UTI TO DIVEST PART OF STAKE IN UTI BANK
- Abstracts: Rx FOR SURVIVAL RANBAXY LABORATORIES AMONG WORLD's TOP 100 PHARMA COMPANIES KARNATAKA MALLADI STILL IN SICK BED