IDBI Bank is seeking approval from shareholders to raise Rs 8000 crore through an equity offer in one or more tranches. The bank will explore all routes including QIP, preference share issue, rights issue or follow-on public issue to raise the funds.
Furthermore, the bank is also seeking approval to raise up to Rs 20000 crore through issuance of debt instruments in one or more tranches during fiscal 2017. The bank may issue Tier-I bonds, Tier-II bonds or infrastructure bonds either privately or through a public offer.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
