For which bank the government has increased its stake in the company t – InterviewSolution

InterviewSolution

1.	For which bank the government has increased its stake in the company to 77.79%?
Answer» IDBI Bank informed that its promoter the government of India, has increased its stake in the company to 77.79% by acquiring 3.81% shares through preferential allotment. The government of India has acquired 3.81% shares carrying voting rights in the company due to preferential allotment of equity shares.

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