Govt eyes 'control premium' to part with its stake in IDBI Bank

According to government and stock exchange data reviewed by ET, the government has pumped in ₹27,000 crore into IDBI Bank between April 1, 2010 and March 31, 2021. Data show the government acquired 4.5 billion shares in IDBI Bank during this 11-year period. This brings its weighted average cost of acquisition to ₹60 a share.

from Banking/Finance-Industry-Economic Times https://ift.tt/8v56b2j