IDBI Bank has received an approval for sale of 27,99,999 equity shares of National Securities Depository (NSDL) constituting 7% of its total paid up equity capital held by the bank. The board of directors of the bank by way of Circular Resolution has approved for the same.
The company had earlier received an approval for divestment of its 74,15,680 equity shares (1.5%) in National Stock Exchange of India.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
