HomeNews News IDBI Bank obtains 32.30 Crores shares in JPVL IDBI Bank obtains 32.30 Crores shares in JPVL

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IDBI Bank obtains 32.30 Crores shares in JPVL

IDBI Bank obtains 32.30 Crores shares in JPVL

Thursday, March 2, 2017, 2:41 PM

IDBI Bank has acquired 32,30 Crore shares from Jaiprakash Power Ventures in consideration of conversion of debt into equity under strategic debt restructuring, the company said in a BSE filing. According to the statement, IDBI Bank's holding in the company stood at 5.39 percent of the company's total 5,99,60,03,084 equity shares. The bank's equity holding in the company stood at 13.72 percent after this.
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