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IDBI Bank to divest entire stake held in IAML, IMTL

11 Nov 2019 Evaluate

IDBI Bank has received an approval for sale of entire stake of the Bank in IDBI Asset Management (IAML) and IDBI Mutual Fund Trustee Company (IMTL) and execution of Share Purchase Agreement in this regard. The Board of Directors of the Bank at its meeting held on November 8, 2019, 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.

IDBI Bank Share Price

87.02 1.47 (1.72%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 819.65
ICICI Bank 1441.90
Axis Bank 1328.95
Kotak Mahindra Bank 389.85
Indusind Bank 1027.20
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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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