Board of IDBI Bank gives in-principle approval to raise equity capital

At meeting held on 04 November 2015

IDBI Bank announced that the Board of Directors of the Bank at its meeting held on 04 November 2015, has granted in-principle approval to raise Equity Capital for an aggregate amount not exceeding Rs. 2800 crore (including premium) through Qualified Institutional Placement (QIP) route (including 144A issue and/or Reg S issue) and / or Further Public Offer.

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