IDBI Bank gains on selling 2% stake in NSE to LIC

IDBI Bank is currently trading at Rs. 70.30, up by 0.80 points or 1.15% from its previous closing of Rs. 69.50 on the BSE.

The scrip opened at Rs. 70.50 and has touched a high and low of Rs. 70.50 and Rs. 70.10 respectively. So far 27,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.70 on 03-Dec-2015 and a 52 week low of Rs. 47.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 71.40 and Rs. 67.60 respectively. The current market cap of the company is Rs. 13,347.00 crore.

The promoters holding in the company stood at 80.16% while Institutions and Non-Institutions held 11.62% and 8.22% respectively.

IDBI Bank has sold 9,00,000 equity shares constituting 2% of the paid up capital of National Stock Exchange of India (NSE) to Life Insurance Corporation of India (LIC) on March 30, 2016.

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