IDBI Bank surges on getting nod for issuance of Long Term Bonds

Ace News

31st Dec 2024

IDBI Bank is currently trading at Rs. 76.50, up by 0.65 points or 0.86% from its previous closing of Rs. 75.85 on the BSE.

The scrip opened at Rs. 75.74 and has touched a high and low of Rs. 76.73 and Rs. 75.51 respectively. So far 160349 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.98 on 29-Jul-2024 and a 52 week low of Rs. 66.41 on 10-Jan-2024.

Last one week high and low of the scrip stood at Rs. 79.09 and Rs. 75.51 respectively. The current market cap of the company is Rs. 82298.89 crore.

The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.64% and 4.64% respectively.

IDBI Bank has received approval for the issuance of Long Term Bonds for financing of Infrastructure and Affordable Housing from domestic market of Rs 10,000 crore in tranche/s with up to Rs 5,000 crore by March 31, 2025 and balance during FY 2025-26. The Board of Directors, at its meeting held on December 31, 2024, has approved the same. 

IDBI Bank provides a wide gamut of financial products and services encompassing deposits, loans, payment services and investment solutions.