IDBI Bank Jumps Over 5% On Govt Stake Sale Buzz

Posted By: Staff
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Shares of IDBI Bank jumped over 5 per cent on the Bombay Stock Exchange after Economic Times reported that the government is mulling to bring its stake down to 52 per cent in the bank.

IDBI Bank Jumps Over 5% On Govt Stake Sale Buzz
IDBI Bank: Quotes, News
BSE 53.50BSE Quote0.55 (1.03%)
NSE 53.40NSE Quote0.65 (1.22%)

Riding high on media report, shares of bank gained as much as 5.29 per cent in intra-day to trade at 73.55 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of lender rose 3.66 per cent to Rs 72.30 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,019.25, down 86.91 points, or 0.31 per cent at 11:42 hours.

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