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IDBI Bank Pares Stake In CARE Via Open Market Sale

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IDBI Bank Pares Stake In CARE Via Open Market Sale

IDBI Bank has pared its stake in Credit Analysis and Research Ltd.


New Delhi: IDBI Bank has pared its stake in Credit Analysis and Research Ltd (CARE) through open market to 0.94 per cent.

The shares were sold during August 29 to September 6, 2016, it said in a regulatory filing.

The public sector bank held a 3.4 per cent (10,00,000 shares) stake in CARE before the share sale. It sold 2.46 per cent (7,22,029 shares) to bring its stake down to 0.94 per cent currently.

Shares in IDBI Bank, on Wednesday, ended 1.84 per cent higher at Rs 74.70 apiece on the BSE, whose benchmark Sensex index finished down 0.18 per cent.


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