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The latest announcement is out from IDBI Bank Limited ( (IN:IDBI) ).
IDBI Bank Limited announced that its Board of Directors approved the exercise of a call option on the IDBI Omni Tier 2 Bond, 2015-16 Series I, with ISIN INE008A08V00. This decision will lead to the redemption of these bonds at face value, along with accrued interest, subject to regulatory approval. This move is part of the bank’s strategic financial management, potentially impacting its capital structure and providing insights into its future financial strategies.
More about IDBI Bank Limited
IDBI Bank Limited operates in the banking industry, offering a range of financial products and services. It is headquartered in Mumbai, India, and focuses on providing banking solutions to individuals and businesses.
Average Trading Volume: 683,810
Technical Sentiment Signal: Buy
Current Market Cap: 938.8B INR
For detailed information about IDBI stock, go to TipRanks’ Stock Analysis page.