IDBI Bank to divest stake in two subsidiaries
New Delhi
10-December-2019
IDBI Bank's Board on Tuesday gave "in-principle approval" to divest its stake in IDBI Capital Market Securities (ICMS) and IDBI Intech Limited (IIL).
According to a regulatory filing issued on Tuesday, the lender will divest its stake to the extent of 49 per cent to prospective investors in ICMS and IIL.
However, the bank will retain controlling stake in both the subsidiaries.IANS
- 0
-
-
-
-
More Headlines
IIM-Calcutta Student Alleges Rape at Boys’ Hostel; Police Launch Investigation
Indian Astronaut Shubhanshu Shukla to Return to Earth from ISS on July 15, Confirms ISRO
Tamil Nadu on High Alert After Nipah Cases in Kerala, High Vigil Along State Border
National Tennis Player Radhika Yadav Shot Dead by Father in Gurugram After Dispute Over Academy
Comedian-actor Kapil Sharma’s Kap’s Cafe in Canada Attacked in Shooting
IIM-Calcutta Student Alleges Rape at Boys’ Hostel; Police Launch Investigation
Indian Astronaut Shubhanshu Shukla to Return to Earth from ISS on July 15, Confirms ISRO
Tamil Nadu on High Alert After Nipah Cases in Kerala, High Vigil Along State Border
National Tennis Player Radhika Yadav Shot Dead by Father in Gurugram After Dispute Over Academy
Comedian-actor Kapil Sharma’s Kap’s Cafe in Canada Attacked in Shooting
