IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Change in Directorate
Changes on the Board of Directors This is to inform that the Board of Directors of IDBI Bank Ltd. has approved the appointment of Ms. P.V. Bharathi as an Additional Director against the vacancy of a Woman Independent Director on the Board, with effect from January 14, 2021. IDBI BANK LTD. - 500116 - Shareholding for the Period Ended December 31, 2020
IDBI Bank Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2020. For more details, kindly Click here IDBI BANK LTD. - 500116 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In terms of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, based on the certificates received from KFin Technologies Pvt. Ltd. (RTA) which is enclosed herewith, we hereby confirm that the details of securities dematerialized/ rematerialized during the quarter ended December 31, 2020, have been furnished to all the stock exchanges where the shares of the Bank are listed. You are requested to take the above on record and acknowledge IDBI BANK LTD. - 500116 - Statement Of Investor Complaints For The Quarter Ended December 2020
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 3144414470 Name of the Signatory :- Pawan AgrawalDesignation :- Company Secretary and Compliance Officer
IDBI Federal Life Insurance renamed as Ageas Federal Life Insurance after stake sale
Post the transaction, IDBI Bank will hold 25 percent stake in the life insurer, while Ageas will hold 49 percent in the insurancearmof IDBI Bank Limited. IDBI BANK LTD. - 500116 - Sale Of 23% Shares Of IDBI Federal Life Insurance Company Limited By IDBI Bank Limited To Ageas Insurance International NV
This is in continuation to the information provided by IDBI Bank Limited on August 6, 2020 wherein Bank had informed having entered into a Share Purchase Agreement (SPA) to sell 27% of its stake in its joint venture arm IDBI Federal Life Insurance Company Limited (IFLI) to other JV partners viz. 23% to Ageas Insurance International NV (Ageas) and 4% to The Federal Bank Limited (Federal Bank). In this connection, we hereby advise that IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on December 31, 2020 pursuant to receipt of the requisite regulatory approvals. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank''s shareholding in IFLI now stands at 25% from the earlier 48%. Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Limited.
Ageas to acquire 23% additional stake from IDBI Bank in IDBI Federal Life Insurance
Post this deal, IDBI Bank will hold 25 percent stake in the life insurer, Ageas will hold 49 percent which is the maximum permissible limit under the foreign direct investment rules. IDBI BANK LTD. - 500116 - Closure of Trading Window
In terms of Regulation 30 of the SEBI (LODR) Regulations, 2015, it is hereby advised that in accordance with IDBI Bank''s Code of Conduct for Prevention of Insider Trading, the trading window shall remain closed from December 31, 2020 to January 30, 2021 for declaration of Un-audited Financial Results for the quarter and nine months period ending December 31, 2020. Kindly acknowledge receipt and take the above intimation on record. Top headlines: Coronaviurs vaccine, IDBI Bank stake sale, and more
Here are the top business headlines on Friday IDBI BANK LTD. - 500116 - Reply To Clarification Sought On Increase In Volume
BSE has sought clarification from IDBI Bank vide email dated December 23, 2020 with reference to significant increase in the volume of Bank''s security across Exchanges, in the recent past. In this regard, we submit as follows : We are not aware of any specific reason for such increase in volume of Bank''s securities. While we submit that, all events relating to the recently concluded QIP Issue by the Bank were duly disseminated to the Stock Exchanges in terms of the provisions of the SEBI LODR Regulations. Being a compliance conscious Bank, we are committed to disclose all price sensitive information to the stock Exchanges in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015. We hope the above clarifies the position