DCB Bank Ltd. invests in equity of India INX and India ICC.

DCB Bank Limited, a new generation private sector bank announced that it has acquired equity stake in two companies based at Gift City IFSC at Gandhinagar.

The Bank has invested a sum of Rs. 5 Crore representing approximately 2.89% of post paid up capital of India International Exchange (IFSC) Limited (India INX).

The Bank has also invested a sum of Rs.5 Crore representing approximately 4.93% of post paid up capital of India International Clearing Corporation (IFSC) Limited (India ICC).

India INX and India ICC are promoted by BSE Limited (BSE) and are the leading exchange and clearing corporation in the GIFT City IFSC at Gandhinagar. They are unlisted companies and are subsidiaries of BSE. India INX is India's first exchange in International Finance Services Centre (IFSC). India ICC provides clearing & settlement and risk management services to India INX. Both companies are regulated by the IFSC Authority.

Shares of DCB Bank Limited was last trading in BSE at Rs.90.7 as compared to the previous close of Rs. 91.55. The total number of shares traded during the day was 258331 in over 2138 trades.

The stock hit an intraday high of Rs. 93.4 and intraday low of 89.5. The net turnover during the day was Rs. 23613366.

Source : Equity Bulls

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