IDBI sells stake in ARCIL.

M2 EQUITYBITES-May 19, 2022--IDBI sells stake in ARCIL

(C)2022 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 19 May 2022

India-based IDBI Bank has sold its entire holding in Asset Reconstruction Company (India) Ltd (ARCIL).

The firm had a stake of 19.18 percent in ARCIL. The deal value was not announced. The stake was purchased by Avenue India Resurgence Pte Ltd.

The lender will no longer be an ARCIL sponsor shareholder.

...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT