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IDBI Bank gains on eyeing to raise Rs 26,000 crore through mix of equity, bonds

22 Jul 2015 Evaluate

IDBI Bank is currently trading at Rs. 63.70, up by 0.20 points or 0.31% from its previous closing of Rs. 63.50 on the BSE.

The scrip opened at Rs. 63.80 and has touched a high and low of Rs. 64.20 and Rs. 62.95 respectively. So far 47211 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.65 on 23-Jul-2014 and a 52 week low of Rs. 58.55 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 67.55 and Rs. 62.95 respectively. The current market cap of the company is Rs. 10225.23 crore.

The promoters holding in the company stood at 76.50% while Institutions and Non-Institutions held 13.79% and 9.71% respectively.

IDBI Bank is eyeing to raise Rs 26,000 crore through a mix of equity and bonds to fund its business growth. The bank proposes to issue such number of equity shares of the face value of Rs 6,000 crore (inclusive of premium amount) to be added to the existing paid-up capital in such a way that the central government shall at all times hold not less than 51% of the paid-up capital of the bank.

The fund from sale of shares would be raised in one or more tranches. Besides, the bank also plans to raise Rs 20,000 crore from bonds in one or more tranches during the current fiscal.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation. This enables the bank to offer personalized banking and financial solutions to its clients.


IDBI Bank Share Price

74.09 -0.98 (-1.31%)
20-Apr-2026 16:59 View Price Chart
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