IDBI gets nod for Rp60bn QIP

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By Jonathan Breen
02 Nov 2020

IDBI Bank has got the greenlight from its board of directors to raise up to Rp60bn ($807.3m) in fresh equity.

The board gave its approval at a meeting on October 29 for the Indian bank to raise the funds through a qualified institutional placement (QIP) of new shares, according to a stock exchange filing.

IDBI last tapped the equity capital market in September 2016, according to Dealogic data, ...

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