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IDBI allots equity shares to LIC & GoI

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Capital Market
Last Updated : Oct 23 2019 | 4:31 PM IST

Of Rs 35.17 per share

IDBI announced that the Bank allotted 1348592550 and 1295706568 equity shares to Life Insurance Corporation of India (LIC) and Govt of India (GoI) respectively at a price of Rs 35.17 per share (inclusive of premium amount of Rs 25.17 per share) aggregating upto Rs 4743 crore to LIC and Rs 4557 crore to GoI, through preferential issue on 23 October 2019.

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First Published: Oct 23 2019 | 4:12 PM IST

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