IDBI Bank surges on getting in-principle approval to divest 11.10% stake in NSDL
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IDBI Bank is currently trading at Rs. 44.10, up by 1.25 points or 2.92% from its previous closing of Rs. 42.85 on the BSE.
The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 44.20 and Rs. 43.45 respectively. So far 562850 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. 33.30 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 46.50 and Rs. 41.90 respectively. The current market cap of the company is Rs. 47256.81 crore.
The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.40% and 4.89% respectively.
IDBI Bank has received in-principle approval to divest bank's stake upto 11.10% of paid up share capital of National Securities Depository (NSDL) through market driven process in compliance of SEBI DP Regulation 2018. The board of directors of the bank at its meeting held on March 29, 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.
