06 Jul 20 | 16:00
IDBI BANK LTD.
Exchange Received Time
Exchange Disseminated Time
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment |
In terms of Regulation 30 of the SEBI (LODR) Regulations, 2015, we advise that the Board of Directors of IDBI Bank Ltd., at its meeting held on Friday, November 8, 2019, has approved the proposal for sale of entire stake of IDBI Bank
Ltd in IDBI Asset Management Ltd (IAML) and IDBI Mutual Fund Trustee Company Ltd (IMTL) and execution of Share Purchase Agreement in this regard.
The details of sale, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September 9, 2015 will be separately informed to
the Stock Exchanges once the share purchase agreement as above is executed by the Bank.
Kindly acknowledge receipt and take the above on record.
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06 Jul 20|23:12 (IST)