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IDBI Bank raises Rs 1,435 crore from 44 investors

Updated : December 19, 2020 08:10 PM IST

IDBI Bank has raised Rs 1,435 crore through an issue of equity shares to 44 qualified institutional investors, according to a regulatory filing.
The shares were issued at a discount of 5 percent to the floor price of Rs 40.63 apiece.
Like IDBI Bank, Punjab National Bank has raised less than the targeted amount from its QIP which closed on Friday.
IDBI Bank raises Rs 1,435 crore from 44 investors

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