MoneyWorks4Me

IDBI Bank raises Rs 1861 crore through preferential issue

07 Oct 2017 Evaluate

IDBI Bank has allotted 28,48,61,472 equity shares to Government of India at a price of Rs 65.33 per share (inclusive of premium amount of Rs 55.33 per share) aggregating up to Rs 1861 crore through Preferential Issue on October 06, 2017.

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 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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