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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.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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