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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.


Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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