 "Separately, the board of directors also approved the proposal to sell bank's stake of up to 27 per cent in its life insurance joint venture IFLI")
Shares of IDBI Bank advanced up to 10.5 per cent to Rs 21.95 on the BSE on Thursday after the private lender said it has targeted to raise up to Rs 7,500 crore through rupee bond in the current fiscal.
At 9:34 am, the stock pared its gains partially to trade 5 per cent higher at Rs 20.8 apiece. In comparison, the headline S&P BSE Sensex index was trading 3 per cent higher at 30,773.60 levels. A total of 0.56 millino shares have changed hands on the counter on NSE and BSE till the time of writing of this report. So
