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IDBI Bank files draft document for Rs 154 cr rights issue
Mumbai, July 29: IDBI Bank Ltd has filed a draft offer document with the Securities and Exchange Board of India for its proposed rights issue of over Rs 150 crore.
Mumbai, July 29: IDBI Bank Ltd has filed a draft offer document with the Securities and Exchange Board of India for its proposed rights issue of over Rs 150 crore.
"We have filed draft document with the regulator last week for the rights issue offering (in the ratio of 1:2 of Rs 10 each at a premium of Rs 12/- to existing shareholders", IDBI Bank sources said today.
IDBI Bank is the third bank to file a prospectus with the market regulator in a span of seven days.
Last week Kolkata-based UCO Bank Ltd filed a draft prospectus with the market regulator for its initial public offering (IPO) of over Rs 200 crore.
IDBI Bank is the third bank to file a prospectus with the market regulator in a span of seven days.
Last week Kolkata-based UCO Bank Ltd filed a draft prospectus with the market regulator for its initial public offering (IPO) of over Rs 200 crore.
Similarly, Chennai-based Indian Overseas Bank (IOB) filed a draft prospectus with the regulator for its second initial public offering (IPO) of over Rs 200 crore.
The state-owned bank is considering to issue 10 crore shares of Rs 10 each at a premium of Rs 10 to Rs 14 per share aggregating between Rs 200-240 crore.
Bureau Report