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ING Vysya Bank soars on the buzz of promoter may sell its entire stake

30 Sep 2013 Evaluate

ING Vysya Bank is currently trading at Rs. 531.65, up by 21.70 points or 4.26 % from its previous closing of Rs. 509.95 on the BSE.

The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 598.95 and Rs. 529.50 respectively. So far 44960 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 667.00 on 05-Jun-2013 and a 52 week low of Rs. 395.00 on 28-Sep-2012.

Last one week high and low of the scrip stood at Rs. 524.00 and Rs. 485.00 respectively. The current market cap of the company is Rs. 10030.54 crore.

The promoters holding in the company stood at 43.55% while Institutions and Non-Institutions held 43.39% and 13.07% respectively.

ING Vysya Bank’s promoter is reportedly planning to sell its entire stake in the private sector bank. ING Group NV, the biggest Dutch financial-services company, is seeking a buyer for its 43% stake in the bank.

At present, ING Mauritius Holdings (33.85%) and ING Mauritius Investments (9.69%) are collectively holds 43.55% stake in ING Vysya Bank. While, institutions and non-institutions held 43.39% and 13.07% stake in the bank, respectively.

Peers
Company Name CMP
HDFC Bank 795.85
ICICI Bank 1277.70
Axis Bank 1292.35
Kotak Mahindra Bank 379.35
Indusind Bank 946.60
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