IDBI Bank aims to raise Rs 10,000 crore through issuing rupee bonds and qualified institutional placement route.
IDBI has said in a filing that the bank will be seeking shareholders’ approval to the plans at its next annual general meeting.
It further said that the bank is going to place the agenda before shareholders to issue equity capital aggregating up to Rs 5,000 crore through various alternative modes, including qualified institutional placement.
IDBI will also seek permission for issue of rupee bonds aggregating up to Rs 5,000 crore.
The filing further said that the bank’s board of directors at a meeting passed these two items to be put before the AGM.
