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Board of IDBI Bank approves preferential issue of capital to GoI

Capital Market 

At meeting held on 21 March 2017

The Board of Directors of at its meeting held on 21 March 2017 has approved the proposal for preferential issue of capital to Government of India and other Financial Institutions, if any aggregating up to Rs 2500 crore subject to statutory / regulatory approvals required to be obtained in this regard. In this connection, EGM of the is proposed to be held on 27 April 2017 for obtaining shareholders' approval in this regard.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 14:52 IST
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