IDBI Bank shares soared 5.61 percent to end at Rs 62.15 on the BSE
The stock soared 5.61 percent to end at Rs 62.15 on the BSE. Intra-day, it jumped 6.96 percent to Rs 62.95.
In terms of equity volume, 48.57 lakh shares of the company were traded on the BSE and over 3.9 crore shares changed hands on the NSE during the day.
Although the proposed acquisition by LIC would not bring any money to the government, the bank would get capital support between Rs 10,000 crore and Rs 13,000 crore, depending on the share price of the bank.
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