The Board of Directors of IDBI Bank Ltd., at its meeting held on Tuesday, December 10, 2019, has given in-principle approval to divest / dilute IDBI Bank's stake in its subsidiaries namely IDBI Capital Market Securities Limited (ICMS) and IDBI Intech Limited (IIL) to the extent of 49% to the prospective investors and retaining controlling stake with the Bank.
Shares of IDBI BANK LTD. was last trading in BSE at Rs.33.5 as compared to the previous close of Rs. 34.15. The total number of shares traded during the day was 284205 in over 544 trades.
The stock hit an intraday high of Rs. 34.65 and intraday low of 33.2. The net turnover during the day was Rs. 9640864.