India: IDBI Bank’s QIP plan to be revived

India: IDBI Bank’s QIP plan to be revived

Photo: Pradeep Gaur/Mint

The government will resume a plan to sell shares of IDBI Bank Ltd to institutional investors, anticipating greater investor interest after finance minister Arun Jaitley in his budget speech formally stated the government’s intention to pare its stake in the lender to less than 50%.

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