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Government may prod IDBI Bank to raise funds via public offer

Government may prod IDBI Bank to raise funds via public offer

Thursday, April 20, 2017, 2:20 PM

The government will likely push IDBI Bank to raise resources through a public offer as part of a plan to stabilise the state-run lender before it pursues any strategic sale of equity. The bank will also hold a strategy meeting this month to firm up a turnaround plan. Under the new leadership, the bank is expected to raise money from the market.
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