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IDBI Bank gets in-principle approval to divest stake in subsidiaries

11 Dec 2019 Evaluate

IDBI Bank has received in-principle approval to divest / dilute its stake in its subsidiaries namely IDBI Capital Market Securities (ICMS) and IDBI Intech (IIL) to the extent of 49% to the prospective investors and retaining controlling stake with the Bank. The Board of Directors of the bank at its meeting held on December 10, 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.

IDBI Bank Share Price

73.08 -1.68 (-2.25%)
11-May-2026 15:02 View Price Chart
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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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