IDBI Bank divests stake in PIPDIC

The Board of Directors of IDBI Bank Ltd., at its meeting held on Monday, January 20, 2025, approved the proposal for sale of IDBI Bank's entire holding of 8,54,000 having face value of Rs. 100/- per share constituting 21.14% shareholding in Pondicherry Industrial Promotion Development and Investment Corporation Ltd. (PIPDIC), an associate company of the Bank.

Shares of IDBI Bank Limited was last trading in BSE at Rs. 86.12 as compared to the previous close of Rs. 84.05. The total number of shares traded during the day was 1210088 in over 6928 trades.

The stock hit an intraday high of Rs. 87.51 and intraday low of 82.75. The net turnover during the day was Rs. 102695752.00.

Source : Equity Bulls

Keywords

IDBIBank INE008A01015 StakeDivestment PIPDIC