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IDBI Bank gets nod to divest 19.18% stake in ARCIL

30 Sep 2019 Evaluate

IDBI Bank has received in-principle approval to divest 6,23,23,800 equity shares (19.18%) of Asset Reconstruction Company (India) (ARCIL) held by bank, partly or wholly. The Board of Directors of the bank, at its meeting held on September 27, 2019 has approved the same.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1361.75
Axis Bank 1270.05
Kotak Mahindra Bank 438.75
Indusind Bank 875.90
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