Government of India considers proposal for infusion of Capital in IDBI Bank Ltd

Government of India (GoI) has, vide its letter dated December 27, 2011, advised that GoI is actively considering IDBI Bank Ltd's request for capital support and intends to infuse capital funds in the Bank by way of Preferential Allotment of Equity in favour of GoI, subject to necessary approvals from the Board of Directors and various other statutory bodies.

The IDBI Bank Ltd stock was trading at Rs.80.10, down by Rs.1.20 or 1.48%. The stock hit an intraday high of Rs.81.90 and low of Rs.79.70.

The total traded quantity was 2.44 lakhs compared to 2 week average of 3.90 lakhs.

Source : Equity Bulls

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