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    HomeNewsBusinessCompaniesIDBI Bank pares stake in CARE to 3.4% for Rs 100 cr

    IDBI Bank pares stake in CARE to 3.4% for Rs 100 cr

    State-owned IDBI Bank today said it has cut its stake in rating agency CARE to 3.40 percent from 6.12 percent.

    August 29, 2016 / 18:23 IST
       
       
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      State-owned IDBI Bank today said it has cut its stake in rating agency CARE to 3.40 percent from 6.12 percent.

      The Bank sold 8,00,773 shares in open market, IDBI Bank said in a regulatory filing on stock exchanges.

      At today's market price, the Bank would have raised close to Rs 100 crore from lowering its stake in the rating agency.

      Shares of the CARE today closed at Rs 1,242.20 per unit down 0.93 per cent on the BSE.

      first published: Aug 29, 2016 05:30 pm

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