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

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Capital Market
Last Updated : Nov 05 2015 | 12:11 AM IST

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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First Published: Nov 04 2015 | 9:27 PM IST

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