IDBI Bank Limited (BSE:500116) has decided to sell its stakes in 19 unlisted companies for at least INR 1.75 Billion, showed a document seeking bids. According to the document, the bank is looking for bidders for more than 170 million shares in companies, including Neelachal Ispat Nigam Ltd, Haldia Petrochemicals Ltd, Gujarat NRE Coke Ltd, Konaseema Gas Power Ltd and Mysore Paper Mills Ltd. According to the document, the bank is looking for bidders for more than 170 million shares in companies, including Neelachal Ispat Nigam Ltd, Haldia Petrochemicals Ltd, Gujarat NRE Coke Ltd, Konaseema Gas Power Ltd and Mysore Paper Mills Ltd. A person aware of the development said, requesting anonymity, that in most of these companies IDBI Bank had converted debt to equity as part of stress resolutions, and now plans to exit them.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
988 INR | +0.36% | +1.52% | +18.68% |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+18.68% | 74.93B | |
+3.05% | 95.15B | |
+1.78% | 94.71B | |
-20.65% | 77.24B | |
+6.69% | 30.04B | |
+18.06% | 27.87B | |
+4.32% | 26.97B | |
-1.21% | 16.99B | |
-9.10% | 15.16B | |
+20.70% | 12.62B |
- Stock Market
- Equities
- LICI Stock
- News Life Insurance Corporation of India
- IDBI Bank Reportedly To Sell Stakes In 19 Unlisted Companies For At Least INR 1.75 Billion