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Last Updated : Nov 24, 2015 03:08 PM IST | Source: PTI

IDBI Bank raises stake in IVRCL to over 5%

Before the acquisition, IDBI Bank had over 4.77 percent stake in the company, as per BSE filing.

 
 
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IDBI Bank said it has acquired an additional stake in IVRCL Ltd, raising its total stake in the latter to over 5 percent.

It said the acquisition was done through conversion of Funded Interest Term Loan (FITL) into equity.

Before the acquisition, IDBI Bank had over 4.77 percent stake in the company, as per BSE filing.



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First Published on Nov 24, 2015 08:23 am
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