Shares of IDBI Bank on Thursday jumped over 8 percent after the company said it has targeted to raise up to Rs 7,500 crore in the current financial year.
New Delhi
Shares of IDBI Bank on Thursday jumped over
8 percent after the company said it has targeted to raise up to Rs 7,500 crore
in the current financial year.
The scrip closed 7.05 percent higher at Rs 21.25. During the day, it touched a high of Rs 21.95 after gaining 10.57 percent.
On the NSE, it climbed 8.37 percent to settle at Rs 21.35.
In traded volume terms, 2.42 lakh shares were traded on the BSE and over 30 lakh on the NSE.
The private sector lender on Wednesday said it has targeted to raise up to Rs 7,500 crore through rupee bonds in the current fiscal.
The borrowing program comprises additional Tier I bonds up to Rs 3,000 crore, Basel III Tier 2 bonds up to Rs 3,500 crore and senior/ infrastructure bonds up to Rs 1,000 crore by way of private placement during 2020-21.
Separately, it said that the board of directors has also approved the proposal to sell bank's stake of up to 27 percent in its life insurance joint venture IDBI Federal Life Insurance Company Ltd (IFLI).
Bangalore Hot News
The scrip closed 7.05 percent higher at Rs 21.25. During the day, it touched a high of Rs 21.95 after gaining 10.57 percent.
On the NSE, it climbed 8.37 percent to settle at Rs 21.35.
In traded volume terms, 2.42 lakh shares were traded on the BSE and over 30 lakh on the NSE.
The private sector lender on Wednesday said it has targeted to raise up to Rs 7,500 crore through rupee bonds in the current fiscal.
The borrowing program comprises additional Tier I bonds up to Rs 3,000 crore, Basel III Tier 2 bonds up to Rs 3,500 crore and senior/ infrastructure bonds up to Rs 1,000 crore by way of private placement during 2020-21.
Separately, it said that the board of directors has also approved the proposal to sell bank's stake of up to 27 percent in its life insurance joint venture IDBI Federal Life Insurance Company Ltd (IFLI).
Bangalore Hot News
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