IDBI sells it 18.95% stake in Stock Holding Corp to IFCI

Tags: Companies
Public sector IDBI Bank has divested its entire 18.95 per cent stake in Stock Holding Corporation of India to IFCI Ltd.

"Informed BSE that the bank has divested its entire equity holding of 39,90,000 shares (18.95 per cent) in Stock Holding Corporation of India Ltd. (SHCIL) to IFCI Ltd," IDBI Bank said in a regulatory filing to the exchange.

IDBI, a new generation government-owned bank, had reported a net profit of Rs 104 crore for the quarter ended December 31, 2013.

IDBI shares closed at Rs 65 apiece on BSE today, up 1.40 per cent from previous close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Skills education can boost industry

India’s manufacturing industry matters a great deal for the economic ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture