Govt raises stake in IDBI Bank to 77.79% from 73.98%

Industry:    2017-10-09

IDBI Bank today said its promoter, the Government of India, has increased its stake in the company to 77.79 percent by acquiring 3.81 percent shares through preferential allotment.

The government earlier had 73.98 percent stake in IDBI  bank.

The government of India has acquired 3.81 percent shares carrying voting rights in the company due to preferential allotment of equity shares, IDBI bank said in a regulatory filing.

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