IDBI bank today said its promoter, the Government of India, has increased its stake in the company to 77.79 per cent by acquiring 3.81 per cent shares through preferential allotment.

The government earlier had 73.98 per cent stake in IDBI bank.

The government of India has acquired 3.81 per cent shares carrying voting rights in the company due to preferential allotment of equity shares, IDBI bank said in a regulatory filing.