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

The government earlier had 73.98 per cent stake in IDBI bank

Press Trust of India  |  New Delhi 

IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr

IDBI today said its promoter, the of India, has increased its stake in the company to 77.79 per cent by acquiring 3.81 per cent through preferential allotment.

The earlier had 73.98 per cent stake in IDBI

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

First Published: Sat, October 07 2017. 21:09 IST