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IDBI Bank provides update on plans to raise capital

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Capital Market

Gets SEBI approval for preferential issue of capital aggregating Rs 848.42 cr to LIC

IDBI Bank has received SEBI's approval letter dated 29 March 2016 permitting the Bank to raise capital by issue of equity shares of Rs 848.42 crore to LIC by way of preferential allotment.

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First Published: Mar 30 2016 | 10:03 AM IST

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