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IDBI Bank has got its shareholders’ approval for raising up to Rs 28,000 crore from a mix of equity and bonds.
The bank, at the annual general meeting, approved an enabling resolution for issue of shares aggregating up to Rs 8,000 crore inclusive of premium amount through various modes including Qualified Institutional Placement (QIP).
In addition to this, the shareholders have also given their approval for mobilisation of one or more tranches of up to Rs 20,000 crore, comprising bonds by way of private placement or public issue.
