IDBI sells it 18.95% stake in Stock Holding Corp to IFCI
Apr 02 2014 , New Delhi
"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.