IDBI Bank is currently trading at Rs. 41.10, up by 1.30 points or 3.27% from its previous closing of Rs. 39.80 on the BSE.
The scrip opened at Rs. 41.75 and has touched a high and low of Rs. 41.75 and Rs. 38.60 respectively. So far 1927552 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 41.75 on 29-June-2020 and a 52 week low of Rs. 17.50 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 41.75 and Rs. 31.50 respectively. The current market cap of the company is Rs. 42456.63 crore.
The promoters holding in the company stood at 98.11%, while Institutions and Non-Institutions held 0.17% and 1.73% respectively.
IDBI bank has received an approval to sell its stake held in IDBI Federal Life Insurance Company (IFLI) to the extent of 23% to Ageas and 4% to Federal Bank at a combined value of about Rs 595 crore. The meeting of Board of Directors of the bank held on June 26, 2020, approved the same.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
