Dhanlaxmi Bank Approves 300 Cr Fundraise

Dhanlaxmi Bank Ltd shares will be limelight on Monday after the Board of Directors on Saturday considered and approved the proposal of 300 crore fundraise. Last trading price of Dhanlaxmi Bank shares on Bombay Stock Exchange (BSE) is Rs 24.09 per share as on February 21, 2025. The company has a market capitalisation of Rs 950.83 crore. It offers a return on equity of 3.88%. Dhanlaxmi Bank shares slipped 41.43% in last 1-year and gained 122.03% in last 3-year.

The bank has recommended a total of 7 dividends since August 14, 2003. It is worth mentioning that FII/FPI have increased holdings from 4.97% to 6.95% for December 2024 quarter. Number of FII/FPI investors increased from 26 to 36 for December 2024 quarter. Check key details below:

Dhanlaxmi Bank

Dhanlaxmi Bank Approves Fundraise

According to the BSE filing of the bank dated Feb 22, 2024, “Board of Directors of the Bank has, at its meeting held on February 22, 2025, inter-alia considered and approved the proposal for raising of funds by way of issuance of non-convertible debentures in the form of Basel III compliant Tier-11 Bonds subject to an aggregate limit of Rs.300 crores, subject to the requisite approvals of Regulators / Shareholders.

The Board further decided to conduct an Extra Ordinary General Meeting (EGM) of the shareholders of the Bank for seeking their approval on the following matters: –

Appointment of Shri. P. Suriaraj (DIN – 10901432) as Executive Director of the Bank
To Authorize the Board of Directors of the Bank to Issue Redeemable Secured / Unsecured Non-Convertible Debentures (NCDs), added the exchange filing.

Dhanlaxmi Bank Shares Performance

The 52-week high price of Dhanlaxmi Bank shares on BSE stood at Rs 42.09 per share (as on 22/02/2024) and 52-week low price is Rs 22.01 per share (as on 28/01/2025), respectively. The private bank stock outperformed BSE Sensex as shares gained 1.73% in last 1-week and jumped 124.51% in last 5-years. During the same time, Sensex fell 0.83% and surged 82.93%, respectively. Dhanlaxmi Bank shares slipped 23.84% year-to-date (YTD), slipped 25.83% in last 6-months, and zoomed 89.8% in last 2-years.

Dhanlaxmi Bank Bonus Share & Stock Split History

Dhanlaxmi Bank never recommended any bonus share and never split/sub-divided the face value of the share as well.

Dhanlaxmi Bank Q3 Results

The bank announced its profit at Rs 19.85 crore for the quarter ended December 31, 2024, up 6.5% as against Rs 3 crore declared in the corresponding quarter of last year, amid higher income. The bank declared its total income for the December 2024 quarter at Rs 377 crore as against Rs 343 crore announced in the similar quarter of last year.

Its net interest income (NII) zoomed 12% to Rs 128 crore for the quarter under review as against Rs 114 crore reported in the same quarter of last year. The Kerala based private bank declared its asset quality improved as the gross non-performing assets (GNPA) ratio slipped to 3.53%.

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