[T.S.R:15834] Blackstone Buys It's Way Into Development Credit Bank

DCB vaults to 52-week high on foreign fund buying

Development Credit Bank spurted 4.85% to Rs 61.65 at 09:18 IST on BSE after a foreign private equity firm acquired a 0.56% stake in the private sector bank on Monday, 4 October 2010. Blackstone Asia Advisors Llc bought 11.28 lakh shares at an average price of Rs 58.88 per share of Development Credit Bank (DCB) in a bulk deal on the NSE.

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