IDBI BANK LTD's Promoter, Life Insurance Corporation of India has purchased 884518351 equity shares of the company through Open Offer. The shares were bought for a total amount of Rs. 10033448056.22.
With this acquisition, the shareholding of Life Insurance Corporation of India has increased from 3275834 (4.05%) to 2147483647 (51%). The shares were acquired during the period 1/18/2019 to 1/24/2019.
Promoter Entity | Shares Acquired / Sold | Date / Period | Holding - Pre Transaction | Holding - Post Transaction |
Life Insurance Corporation of India | 884273067 | 1/18/2019 to 1/21/2019 | 2147483647 (44.31%) | 2147483647 (51%) |
Life Insurance Corporation of India | 100000 | 1/19/2019 to 1/21/2019 | 3375834 (4.18%) | 3275834 (4.05%) |
Life Insurance Corporation of India | 145284 | 1/22/2019 to 1/24/2019 | 3275834 (4.05%) | 3130550 (3.87%) |