Public Sector lender, Dena Bank announced that Government of India, Ministry of Finance on Aug. 19, 2015 has decided to infuse capital funds to the tune of Rs. 4.07 billion in the bank by way of preferential allotment of equity in favour of the Government of India.

The board of directors of the Dena Bank have given approval for raising of equity share capital of the bank on preferential basis at price fixed as per SEBI (ICDR) Regulations, 2009.

Further, the bank is taking necessary steps or approvals in this regard, the bank said.

Shares of the bank declined Rs 1.2, or 2.76%, to trade at Rs 42.35. The total volume of shares traded was 63,649 at the BSE (11.58 a.m., Monday).