India's Dhanlaxmi Bank rises after board appoints Ajith Kumar as MD, CEO

Dhanlaxmi Bank

18/06/2024 08:26

** Shares of Dhanlaxmi Bank  DNBK.NS  rise as much as 4.2%
to 44.15 rupees
    ** The board of the Indian private lender approves the
appointment of Ajith Kumar KK as the MD and CEO for three years,
effective from June 20 
    ** More than 1.4 mln shares change hands, nearly two times
the 30-day avg 
    ** Stock up ~41% YTD, had gained 54% in 2023 for its best
yearly gain since 2009


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))