Vysya Scrip Hogs Limelight On Takeover Rumours

Stock price of Vysya Bank today remained in the limelight on rumours of either takeover or meger with a major private sector bank following a couple of huge block deals involving seven lakh shares conducted on the counter. The stock hit the 20 per cent upper circuit limit today on both BSE and NSE.

On the BSE, the stock today closed Rs 146.55 with a huge volume of 7.04 lakh shares. On the NSE, the stock settled at Rs 144.30 with volumes of 21,830 shares.

In March 2001, it had allotted 22,65,945 and 5,66,485 equity shares to International Finance Corp (IFC) and Bank Brussels Lambert, Belgium (BBL) respectively at a price of Rs 150 per share including a premium of Rs 140. Subsequently, the post issue holding of IFC and BBL stood at 10 per cent and 20 per cent respectively. The bank