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Idbi Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment

| Updated on December 28, 2018 Published on December 28, 2018

Bank has allotted 2387617322 equity shares to Life
Insurance Corporation of India at a price of Z 60.73 per share (inclusive of premium
amount of ! 50.73 per share) aggregating to ! 14500 crore (Tranche 1)through
Preferential Issue on December 28, 2018, in terms of the approval granted by the
shareholders of IDBI Bank conducted vide postal ballot notice dated October 4, 2018,
the results of which were declared on November 7, 2018, as part of the ongoing
acquisition of 51% Controlling Stake by LIC in IDBI Bank.

Pdf Link: Idbi Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment

Source : BSE - www.bseindia.com

Published on December 28, 2018
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