The government earlier had 73.98% stake in IDBI Bank. Photo: MintNew Delhi: IDBI Bank on Saturday said its promoter, the government of India, has increased its stake in the company to 77.79% by acquiring 3.81% shares through preferential allotment. The government earlier had 73.98% stake in IDBI Bank. The government of India has acquired 3.81% shares carrying voting rights in the company due to preferential allotment of equity shares, IDBI Bank said in a regulatory filing.

Source: Mint October 07, 2017 15:33 UTC