Money & Banking

IDBI Bank to dilute stake in 2 arms

Our Bureau Mumbai | Updated on December 10, 2019 Published on December 10, 2019

The board of directors of IDBI Bank has given the in-principle approval to divest/dilute the bank’s stake in its subsidiaries – IDBI Capital Market Securities Limited and IDBI Intech Limited – to the extent of 49 per cent to prospective investors and said that it would retain the controlling stake.

Published on December 10, 2019
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