IDBI Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2026.
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IDBI Bank's Board of Directors has approved the issuance of Long Term Rupee denominated Bonds for financing Infrastructure and Affordable Housing projects. The total issuance size is up to Rs. 10,000 crore, to be raised in one or more tranches until March 31, 2027. The bonds will be issued via private placement in the domestic market. The board meeting took place on Saturday, May 16, 2026, as a continuation of an earlier intimation dated May 13, 2026.
This is a debt fund-raising exercise for lending to infrastructure and affordable housing sectors. It strengthens IDBI Bank's asset-building capacity and does not have an immediate dilutive impact on equity shareholders.