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IDBI Bank advances on selling 4.89% stake in SIDBI

01 Jan 2018 Evaluate

IDBI Bank is currently trading at Rs. 60.75, up by 0.90 points or 1.50% from its previous closing of Rs. 59.85 on the BSE.

The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 63.00 and Rs. 60.50 respectively. So far 3,44,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.50 on 06-Feb-2017 and a 52 week low of Rs. 50.25 on 14-Aug-2017.

Last one week high and low of the scrip stood at Rs. 63.00 and Rs. 59.05 respectively. The current market cap of the company is Rs. 16,066.00 crore.

The promoters holding in the company stood at 77.79%, while Institutions and Non-Institutions held 15.74% and 6.47% respectively.

IDBI Bank has sold further 2,60,00,000 equity shares constituting 4.89% of the paid up capital of Small Industries Development Bank of India (SIDBI) on December 29, 2017.

Recently, the bank had received an approval for sale of 1,20,00,000 equity shares of NSDL e-Governance Infrastructure (NEGIL) constituting 30% of its total paid up equity capital held by the bank.

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 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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