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IDBI Bank aims to raise Rs 6,000 crore from equity market

17 Sep 2016 Evaluate

State-owned IDBI Bank is aiming to raise as much as Rs 6,000 crore from the equity market by selling shares. The bank is looking to raise funds through a combination of Qualified Institutional Placement (QIP), rights issue and follow-on 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.


IDBI Bank Share Price

82.90 0.54 (0.66%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 824.25
ICICI Bank 1401.45
Axis Bank 1323.75
Kotak Mahindra Bank 377.80
Indusind Bank 1016.25
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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