DCB Bank Limited has informed the Exchange about grant of approval by the Reserve Bank of India ( RBI ) to Aga Khan Fund for Economic Development S.A., to acquire up to 60,58,394 equity shares of DCB Bank Limited ( the Bank ) General Updates
DCBBANK · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 1.6 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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DCB Bank has received RBI approval dated September 29, 2025, allowing its existing promoter Aga Khan Fund for Economic Development S.A. (AKFED) to acquire up to 60,58,394 equity shares (face value INR 10 each) through a preferential allotment originally proposed in late 2023/early 2024. The shares will carry a mandatory 5-year lock-in from the date of acquisition and cannot be encumbered under any circumstances. The RBI approval is valid for one year and is subject to compliance with the Banking Regulation Act, FEMA, and SEBI ICDR norms. AKFED must ensure its aggregate holding does not fall below 5% of paid-up capital without prior RBI approval to raise it back.
This strengthens the promoter's stake in DCB Bank, signaling continued promoter commitment and providing capital support to the bank. The 5-year lock-in suggests long-term promoter confidence, though it slightly limits supply of freely tradeable shares in the near term.