IDBI Bank soars 2.8% post 1.5% stake sale in NSE

India Infoline News Service | Mumbai | September 22, 201609:59 IST

The bank sold 6.75 lakh shares constituting 1.5% of the paid up capital of National Stock Exchange of India to TIMF Holdings.

IDBI Bank Ltd is currently trading at Rs. 74.9, up by Rs. 2.1 or 2.88% from its previous closing of Rs. 72.8 on the BSE. The bank sold 6.75 lakh shares constituting 1.5% of the paid up capital of National Stock Exchange of India to TIMF Holdings.

The scrip opened at Rs. 76.1 and has touched a high and low of Rs. 76.5 and Rs. 74.5 respectively. So far 2912019 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14988.17 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.7 on 03-Dec-2015 and a 52 week low of Rs. 47.4 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 78.15 and Rs. 72.45 respectively.

The promoters holding in the company stood at 73.98 % while Institutions and Non-Institutions held 18.44 % and 7.58 % respectively.

The stock is currently trading above its 50 DMA.


***Note: This is a NSE Chart

 

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