Friday, August 27, 2021

IDBI Bank board okays divesting entire 19% stake in ARCIL

The board has approved the proposal for sale of IDBI Bank's entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital of Asset Reconstruction Company (India) Ltd (ARCIL), IDBI Bank said in a regulatory filing.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-bank-board-okays-divesting-entire-19-stake-in-arcil/articleshow/85689781.cms

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