MUMBAI: IDBI Bank Ltd, the state-backed Indian lender, picked arrangers including Citigroup Inc, Credit Suisse Group AG and Deutsche Bank AG to manage a share sale of about 60 billion rupees (US$896mil), people with knowledge of the matter said.
The Mumbai-based bank also chose HSBC Holdings Plc, JPMorgan Chase & Co, SBI Capital Markets Ltd and IDBI Capital Market Services Ltd, according to the people, who asked not to be identified because the information is private.
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