For Immediate Publication / Broadcast / Telecast
PR/1377
Clarification
Mumbai, July 31, 2019: A news item has appeared in some media detailing a list of lenders' exposure to Cafe Coffee day (CCD). In this list, an exposure of Rs. 4575 crore has been shown from IDBI Trusteeship Services Ltd., (ITSL) which is being misinterpreted as liabilities with IDBI Bank. This is not a fact. IDBI Bank has no exposure in CCD. We would also like to clarify that, ITSL is not a lender to any entity. It acts as Share Pledge Trustee / Debenture Trustee / Security Trustee in various cases. ITSL is holding the pledge of shares in the capacity as Share Pledge Trustee / Debenture Trustee / Security Trustee, as security for securing the loans/ investments extended by the lenders/Investors to the respective borrowers.
All representatives of Print, Wire and Electronic Media.
सीआइएन/(CIN)L65190MH2004GOI148838