IDBI Bank rises on getting nod to divest stake in NEDFi
IDBI Bank is currently trading at Rs. 40.45, up by 0.40 points or 1.00% from its previous closing of Rs. 40.05 on the BSE.
The scrip opened at Rs. 40.40 and has touched a high and low of Rs. 40.75 and Rs. 40.30 respectively. So far 90297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.25 on 18-Oct-2021 and a 52 week low of Rs. 30.50 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 44.25 and Rs. 39.80 respectively. The current market cap of the company is Rs. 43600.99 crore.
The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.25% and 5.04% respectively.
IDBI Bank has received approval for divestment of bank's stake in North Eastern Development Finance Corporation (NEDFi). The board of director of bank at their meeting held on September 28, 2022 has approved the same.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
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