Govt eyes 'control premium' to part with its stake in IDBI Bank - Business News: Latest News & Videos about market and economy | Trendmergers

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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 Industry-Economic Times
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