IDBI Bank Ltd to sell 19.18% stake in ARCIL

The Board of Directors of IDBI Bank Ltd., at its meeting held on Friday, August 27, 2021, approved the proposal for sale of IDBI Bank's entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18% of the total equity share capital of Asset Reconstruction Company (India) Ltd. (ARCIL).

Shares of IDBI Bank Ltd was last trading in BSE at Rs. 38.45 as compared to the previous close of Rs. 37.9. The total number of shares traded during the day was 389290 in over 1119 trades.

The stock hit an intraday high of Rs. 38.6 and intraday low of 37.6. The net turnover during the day was Rs. 14896744.

Source : Equity Bulls

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