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IDBI Bank receives final letter from LIC for open offer to acquire additional 26% in the lender

19 Dec 2018 Evaluate

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.

IDBI Bank Share Price

75.99 1.47 (1.97%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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