New Delhi: IDBI Bank on Tuesday said the government has infused Rs 2,229 crore into the public sector lender in lieu of preferential allotment of shares.
It said the said amount has been received on the account of IDBI Bank on Tuesday.
"Receipt of consideration amount of Rs 2,229 crore from government towards preferential allotment of equity shares," the bank said in a regulatory filing.
The government approved and sanctioned the release of Rs 2,228.99 crore on December 28 towards its contribution in the preferential allotment of over 29.60 crore equity shares at a price of Rs 75.28 per unit, the bank added.
"...the aforesaid amount has been received in the Account of IDBI Bank on December 29, 2015," it added.
Earlier in August, government had announced capital infusion of Rs 20,088 crore in 13 public sector banks including Punjab National Bank (PNB), State Bank of India (SBI), IDBI Bank, Bank of Baroda and Canara Bank.
Shares in IDBI Bank, on Tuesday, ended 0.44 per cent lower at Rs 89.80 apiece on the BSE, whose benchmark Sensex index finished up 0.17 per cent.
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