IDBI Bank Ltd gets Govt. of India approval for raising of Equity Capital to the tune of Rs. 3771 crore

The Govt. of India has, vide letter dated December 30, 2015, conveyed its approval to IDBI Bank to raise capital to the tune of Rs. 3771 crore, through QIP route, at an appropriate time during the year, as per law and subject to any other statutory/regulatory approval required to be obtained in this regard.

Shares of IDBI BANK LTD. was last trading in BSE at Rs.89.9 as compared to the previous close of Rs. 88.9. The total number of shares traded during the day was 706438 in over 3064 trades.

The stock hit an intraday high of Rs. 91.15 and intraday low of 89.35. The net turnover during the day was Rs. 63707945.

Source : Equity Bulls

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