Government of India (GOI) has decided to infuse Rs 6 billion in Dena Bank as part of turnaround linked infusion plan.

The board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.

Total volume of shares traded on the bourses today was higher by 191.47% to 2,589,991 compared with 22-day average volume of 888,596.

Shares of the bank gained Rs 1.65, or 4.45%, to trade at Rs 38.70. The total volume of shares traded was 519,824 at the BSE (10.47 a.m., Monday).