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IDBI Shares News

02 Aug 2018

Cabinet nod for LIC to acquire controlling stake of IDBI Bank

Post the transaction, IDBI Bank would become a subsidiary of LIC and the insurer would have 51 percent stake.

16 Jul 2018

LIC board nod for acquisition of up to 51% stake in IDBI Bank

Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi.

29 Jun 2018

IDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LIC

IDBI Bank is saddled with huge amounts of bad loans and the government wants to revive the lender.

29 Jun 2018

IDBI Bank shares soar over 10%, m-cap rises by Rs 7,567 crore

The company's market valuation surged Rs 7,566.73 crore to Rs 22,954.73 crore.

22 Jun 2018

IDBI Bank shares rises 6% intra-day on reports of stake sale to LIC

Government holds about 81 percent stake in IDBI Bank.

28 Mar 2018

IDBI Bank discloses fraud of Rs 772 crore, shares fall

IDBI shares fell as much as 3.5 percent to 73.6 rupees by 0512 GMT.

20 Feb 2016

IDBI Bank to raise Rs 1,500 cr by selling stake to LIC

State-owned IDBI Bank on Saturday said it plans to raise up to Rs 1,500 crore by selling stake to Life Insurance Corporation (LIC) by preferential issuance of shares to the insurer.

28 Aug 2015

IDBI Bank to raise $7.5 bn via debt

IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).

13 Aug 2015

IDBI Bank gets shareholders nod to raise up to Rs 26,000 cr

The bank in a statement said, AGM convened yesterday has passed "enabling for issue of shares up to Rs 6,000 crore (inclusive of premium amount) through various modes of issues including QIP".

IDBI Trusteeship Services Limited

18 Jun 2015

IDBI Trusteeship acquires 6.44% equity shares of Adani Power

IDBI Trusteeship Services Limited has acquired 6.44 percent shares of Adani Power after it invoked pledges on 18.49 crore shares of the company on June 17.

21 Apr 2015

IDBI looking at FPO to shore up capital base

Public sector lender IDBI Bank on Tuesday said it is awaiting correct valuation before coming out with a follow-on public offer, which will help it shore up its capital base.

06 Aug 2014

IDBI Bank approves issuance of Rs 5,500 cr bonds

The bank also approved issuance of Rs 500 crore long term bonds to support infrastructure and affordable housing.

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