Revises QIP issue size from Rs 2800 crore to Rs 3771 crore
IDBI Bank announced that Board of Directors of the Bank has approved the following proposals :1. Revising the QIP issue size from Rs. 2800 crore approved by the Board on 04 November 2015 to Rs. 3771 crore, in line with the Govt. of India's approval dated 30 December 2015.
2. Visit of Top Management Team of the Bank to larger Domestic and International Investor Centres to target major investor hubs and BFSI focussed investors including meetings with big-ticket domestic and foreign investors during the period from 14 January till 25 January 2016 in connection with raising of equity capital of the Bank through QIP route.
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