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IDBI follow-on offer in January

IDBI Bank said on Friday it would come out with a follow-on public offer (FPO) in January to meet its capital needs. It also plans to raise $500 million through overseas bonds to fund Indian corporates’ expansion programmes abroad. - IDBI Bank FPO likely in January - Govt mulls PSU disinvestment piggyriding on FPOs - IDBI Bank raises $225 million loan - IDBI Bank net surges 56% to Rs 254 cr - SAIL stake sale in FY10: Steel minister - Govt asks IDBI to review mortgage arm sale decision Asked about the amount it plans to raise, CMD Yogesh Agarwal said, “The size of the issue will be double of what the government is willing to subscribe.


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