IDBI Bank has decided to issue Basel III Compliant Tier 2 Bonds for aggregate total issue size of Rs. 1000 crore, with a base size of Rs. 500 crore and a Green Shoe option to retain oversubscription up to Rs. 500 crore.
The bids for the above issuance would be invited on Electronic Bidding Platform (EBP) of BSE Bond and bidding window shall remain open on March 27, 2020 between 10.15 a.m. to 11.30a.m.
Shares of IDBI BANK LTD. was last trading in BSE at Rs.18.45 as compared to the previous close of Rs. 19.35. The total number of shares traded during the day was 277707 in over 856 trades.
The stock hit an intraday high of Rs. 22.7 and intraday low of 18.3. The net turnover during the day was Rs. 5262575.