Monday, August 1, 2022

Govt eyes 'control premium' to part with its stake in IDBI Bank

According to government and stock exchange data reviewed by ET, the government has pumped in ₹27,000 crore into IDBI Bank between April 1, 2010 and March 31, 2021. Data show the government acquired 4.5 billion shares in IDBI Bank during this 11-year period. This brings its weighted average cost of acquisition to ₹60 a share.

from Banking/Finance-Industry-Economic Times https://ift.tt/z8Cuoa3

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