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09-Aug2018

IDBI Bank gains on getting govt's nod for acquisition by LIC

IDBI Bank is currently trading at Rs. 62.80, up by 0.60 points or 0.96% from its previous closing of Rs. 62.20 on the BSE.

The scrip opened at Rs. 62.45 and has touched a high and low of Rs. 63.70 and Rs. 62.15 respectively. So far 668366 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.80 on 05-Mar-2018 and a 52 week low of Rs. 47.00 on 05-Jul-2018.

Last one week high and low of the scrip stood at Rs. 63.90 and Rs. 60.95 respectively. The current market cap of the company is Rs. 26320.59 crore.

The promoters holding in the company stood at 85.96%, while Institutions and Non-Institutions held 9.85% and 4.19% respectively.

IDBI Bank has received Government of India's (GoI) approval to reduce the government stake to below 50 per cent and get acquired by Life Insurance Corporation of India (LIC).

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


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