In compliance of Regulation 30 of the SEBI (LODR) Regulations, 2015, IDBI Bank has informed that the Bank has allotted 339897328 equity shares to Life Insurance Corporation of India at a price of Rs 61.73 per share (inclusive of premium amount of Rs 51.73 per share) aggregating upto Rs 2098.19 crore through Preferential Issue on October 04, 2018.
The above information is a part of company’s filings submitted to BSE.