IDBI Bank has received final letter of open offer from Life Insurance Corporation (LIC) for acquisition of 2,04,15,12,929 fully paid-up equity shares representing 26% of the fully diluted voting equity share capital of IDBI Bank from the equity shareholders of IDBI Bank. The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51% controlling stake in IDBI Bank.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
| Company Name | CMP |
|---|---|
| HDFC Bank | 796.60 |
| ICICI Bank | 1279.45 |
| Axis Bank | 1296.10 |
| Kotak Mahindra Bank | 376.20 |
| Indusind Bank | 946.50 |
| View more.. | |
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