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IDBI Bank trims stake in CARE to 3.40%

30 Aug 2016 Evaluate

State-owned IDBI Bank has cut its stake in rating agency CARE to 3.40 per cent from 6.12 per cent. The Bank has sold 8,00,773 shares in open market. The Bank would have raised close to Rs 100 crore from lowering its stake in the rating agency.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

 

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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