Comments
IDBI Bank shares rose nearly 2 per cent to Rs 34.10 on the BSE today following its announcement the bank would sell up to 49% stake in subsidiaries IDBI Capital Market Securities and IDBI Intech Ltd.
The Board of Directors of IDBI Bank Ltd, at its meeting held on Tuesday, December 10, 2019, has given in-principle approval to divest/dilute IDBI Bank''s stake in its subsidiaries, IDBI Capital Market Securities Limited (ICMS) and IDBI Intech Limited (IIL) to the extent of 49% equity to the prospective investors and retaining controlling stake with the Bank, it said in its release to the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.