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Last Updated : Nov 19, 2019 02:54 PM IST | Source: Moneycontrol.com

IDBI Bank share price rises 7% on divestment of stake in asset mgmt biz

The share touched its 52-week high Rs 65.80 and 52-week low Rs 23.55 on 09 January, 2019 and 23 August, 2019, respectively.

The government said it would infuse Rs 4,557 crore into IDBI Bank
The government said it would infuse Rs 4,557 crore into IDBI Bank
 
 
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IDBI Bank share price rose 7 percent intraday on November 19 after the company divested its stake in IDBI Asset Management to Muthoot Finance.

The company sold its stake in IDBI Asset Management (IAML) & IDBI MF Trustee Company (IMTL) to Muthoot Finance.

At 14:28 hrs IDBI Bank was quoting at Rs 34.15, up Rs 1.30, or 3.96 percent on the BSE.

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The share touched its 52-week high of Rs 65.80 and its 52-week low of Rs 23.55 on 09 January 2019 and 23 August 2019, respectively.

Currently, it is trading 48.1 percent below its 52-week high and 45.01 percent above its 52-week low.

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First Published on Nov 19, 2019 02:54 pm
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