The Board of Directors of IDBI Bank, at its meeting held on September 19, 2019, has approved the proposal for Preferential Issue of Capital to Government of India and Life Insurance Corporation of India aggregating upto Rs 4,557 crore and Rs 4743 crore respectively, subject to statutory / regulatory approvals, if any, required to be obtained in this regard. In this connection, it is proposed to obtain shareholders' approval by way of Postal Ballot.
Shares of IDBI BANK LTD. was last trading in BSE at Rs.27.85 as compared to the previous close of Rs. 27.7. The total number of shares traded during the day was 530578 in over 4747 trades.
The stock hit an intraday high of Rs. 28.15 and intraday low of 27.35. The net turnover during the day was Rs. 14708218.