IDBI Bank and Muthoot Finance Had An Agreement

IDBI Bank entered a share purchase contract with Muthoot Finance to sell a stake in its subsidiary IDBI quality Management and IDBI radiofrequency Trustee Company.

IDBI Bank aforementioned that the bank has amongst alternative parties entered a Share purchase contract (SPA) with Muthoot Finance (buyer) on 22 November 2019 wherever underneath IDBI Bank has in agreement to sell its (a) entire 66.67% equity shares in its subsidiary IDBI....