IDBI Bank plans to raise Rs 6,000 cr via share placement
Fri, Aug 28, 2020 10:57 AM

IDBI Bank plans to raise Rs 6,000 cr via share placement

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It would be the first time in many years that IDBI Bank will be seeking funds from investors via a share sale, as the bank is planning to raise equity of about Rs 6,000 crore through a placement of shares with institutional investors, and is likely to go to the market in the second half of FY21.

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