The government decision to infuse fresh capital failed to lift the stocks of beneficiaries Dena Bank and Vijaya Bank - even as shares of the other recipient Bank of Maharashtra rose on the BSE. The Centre on Thursday decided to infuse Rs 1,259 crore into these three state-owned banks to shore up their capital base. Shares of BoM rose 4.93 per cent to close at Rs 59.65 on the Bombay Stock Exchange (BSE). In intra-day trade,however,the stock had jumped 12.31 per cent to touch a month's high of Rs 63.85 per share. On Thursday,the lender had said that the government has decided to infuse Rs 352 crore by way of preferential allotment of equity shares into the bank. However,state-run lenders Dena Bank and Vijaya Bank saw their shares falling by 3.43 per cent and 3.36 per cent to Rs 95.70 and Rs 82,respectively on the BSE on the back of selling pressure. Both,Dena Bank and Vijaya Bank had soared 2.42 per cent and 1.94 per cent to at Rs 100.35 and Rs 85.15,respectively in the morning trade on the bourse. The government will infuse Rs 539 crore in Dena Bank by way of preferential allotment of equity,while Vijaya Bank will get a Rs 368 crore capital infusion. Meanwhile,the BSE benchmark index Sensex tumbled 295.30 points to close at 18,211.52.
