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IDBI Bank falls after withdrawing plan to raise Rs 1,000 crore via bonds

30 Mar 2020 Evaluate
IDBI Bank is currently trading at Rs. 19.45, down by 0.25 points or 1.27% from its previous closing of Rs. 19.70 on the BSE.

The scrip opened at Rs. 19.70 and has touched a high and low of Rs. 19.70 and Rs. 18.75 respectively. So far 31135 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.40 on 01-Apr-2019 and a 52 week low of Rs. 17.50 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 22.70 and Rs. 17.50 respectively. The current market cap of the company is Rs. 20242.16 crore.

The promoters holding in the company stood at 98.11%, while Institutions and Non-Institutions held 0.15% and 1.74% respectively.

IDBI Bank has withdrawn its plan to raise Rs 1,000 crore capital through Basel-III compliant bonds. The bank has taken this decision to withdraw the issue, citing reasons including sudden RBI policy rate cut, CRR cut, liquidity support and other measures announced, causing significant fall in interest rates in the market.

This has reference to bank's earlier disclosure made on March 24, 2020, wherein it was intimated that bids for the issue of Basel-III compliant tier 2 bonds for aggregate total issue size of Rs 1000 crore, with a base size of Rs 500 crore and a greenshoe option to retain oversubscription up to Rs 500 crore.

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

IDBI Bank Share Price

74.76 -1.03 (-1.36%)
08-May-2026 16:59 View Price Chart
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