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Board of IDBI Bank approves divestment of up to 49% stake in IDBI Capital Market Securities and IDBI Intech

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Last Updated : Dec 11 2019 | 9:50 AM IST

At meeting held on 10 December 2019

The Board of IDBI Bank at its meeting held on 10 December 2019 has given in-principle approval to divest IDBI Bank's stake in its subsidiaries namely, IDBI Capital Market Securities and IDBI Intech to the extent of 49% to the prospective investors and retaining controlling stake with the Bank.

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First Published: Dec 11 2019 | 9:38 AM IST

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