Connect with us

Hi, what are you looking for?

News

IDBI Bank to raise Rs 10,000 cr

IDBI Bank intends to raise Rs 10,000 crore through issue of rupee bonds. The bank is seeking shareholders’ approval for the plan. The bank wants to issue equity capital aggregating up to Rs 5000 crore through various alternative modes, including QIP. Besides, it is also seeking permission for issue of rupee bonds aggregating up to Rs 5000 crore. Rupee bonds or rupee denominated bonds (RDBs) are the newest instruments allowed by the Reserve Bank which companies can float only overseas to raise money.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.