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IDBI Bank approves proposal of preferential issue of equity capital

19 Jan 2013 Evaluate

IDBI Bank has informed that the board of directors of the bank at its meeting held on January 18, 2013, has approved the proposal for preferential issue of equity capital to Government of India (Rs. 555 crore including premium amount) and other QIBs, if any (aggregating upto Rs. 2500 crore including premium amount) subject to approval from shareholders and other Statutory / Regulatory approvals, if any.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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