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Dena Bank plans Rs 800 mn IPO

Mumbai, September 10

State-run Dena Bank Ltd plans to raise Rs 800 million through a public issue which will bring down the Government stake to 51 per cent, its chairman and managing director Anil Khandelwal said on Friday.

The share issue is expected hit the market in the third quarter of the fiscal year ending March 2005, Khandelwal told reporters on the sidelines of a banking seminar.

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