Public sector lender IDBI Bank has divested its entire 18.95 per cent stake in Stock Holding Corporation of India to IFCI. The financial major, however, did not disclose the price at which it sold the 39.9 lakh shares.
IDBI Bank shares closed at ₹65 on the BSE, up 1.40 per cent over the previous day’s close. IFCI shares surged 4.75 per cent at ₹27.6.