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IDBI Bank rises on plan to sell stake in NSE

17 Dec 2014 Evaluate

IDBI Bank is currently trading at Rs. 65.85, up by 0.50 points or 0.77% from its previous closing of Rs. 65.35 on the BSE.

The scrip opened at Rs. 65.10 and has touched a high and low of Rs. 66.20 and Rs. 62.70 respectively. So far 625421 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 116.50 on 09-Jun-2014 and a 52 week low of Rs. 52.95 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 72.30 and Rs. 64.85 respectively. The current market cap of the company is Rs. 10505.91 crore.

The promoters holding in the company stood at 76.50% while Institutions and Non-Institutions held 13.92% and 9.58% respectively.

IDBI Bank is planning to sell stake in the National Stock Exchange (NSE). The move is in line with guidelines on investments in non-core banking activities of public sector banks.

At present, the bank owns 2.2 million shares in the exchange, equal to a 4.99% stake, according to the bourse’s latest annual report. Other stakeholders include SHICL, GA Global Investments, GS Strategic Investments Limited, SAIF II SE Investments Mauritius and Aranda Investments (Mauritius) Pte. Each holds around 5% each.

Further, the Life Insurance Corporation of India which holds 10.51% stake in the exchange, making it the largest stakeholder. The State Bank of India holds 10.19%. Delhi-based finance company IFCI, holds 5.55%.

IDBI Bank is new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.

 

IDBI Bank Share Price

75.07 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
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