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IDFC Bank dips after huge block deals

The stock dipped 4% to Rs 68.15 on the NSE in intra-day trade after more than 2% equity of IDFC Bank changed hands through block deals

SI Reporter  |  Mumbai 

IDFC Bank has dipped 4% to Rs 68.15 on the National Stock Exchange (NSE) in intra-day trade after more than 2% equity of the bank changed hands through block deals. Around 8.33 million shares representing 2.5% of total equity of IDFC Bank have changed hands via block deal on the NSE. LINK Till 10:28 am; a combined 10.53 million shares or 3.1% of total equity of the bank was traded on the NSE and BSE. As of November 18, 2016, Sipadan Investments (Mauritius) held 9.06 million or 2.67% stake in IDFC Bank, the shareholding pattern data shows. National Westminster Bank ...

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First Published: Wed, November 30 2016. 10:34 IST
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