IDBI Bank has informed that that the Bank is in receipt of a Pre-offer advertisement dated December 21, 2018 (copy enclosed) published in Financial Express, Jansatta and Navshakti newspapers on December 24, 2018 as part of the Open offer process as per SEBI (SAST) Regulations, 2011 for acquisition of 2,04,15,12,929 fully paid-up equity shares of face value of 10 each representing 26% of the fully diluted voting equity share capital of IDBI Bank Limited from the Equity shareholders of IDBI Bank, in connection with LICs acquisition of 51% Controlling stake in IDBI Bank.
The above information is a part of company’s filings submitted to BSE.
