Home >Companies >Govt raises stake in IDBI Bank to 77.79%
The government earlier had 73.98% stake in IDBI Bank. Photo: Mint
The government earlier had 73.98% stake in IDBI Bank. Photo: Mint

Govt raises stake in IDBI Bank to 77.79%

The government of India has acquired 3.81% shares carrying voting rights in IDBI Bank due to preferential allotment of equity shares

New Delhi: IDBI Bank on Saturday said its promoter, the government of India, has increased its stake in the company to 77.79% by acquiring 3.81% shares through preferential allotment.

The government earlier had 73.98% stake in IDBI Bank. The government of India has acquired 3.81% shares carrying voting rights in the company due to preferential allotment of equity shares, IDBI Bank said in a regulatory filing.

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