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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 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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