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SHARE PRICES OF INDIA'S IDBI BANK, IDBI JUMP ON MERGER ANNOUNCEMENT.

AsiaPulse News

| August 02, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Aug 2 Asia Pulse - Scrips of IDBI Bank (BSE:IDBK) and Industrial Development Bank of India (BSE:IDBI) on Thursday soared by 19.93 per cent and 5.7 per cent respectively on the Bombay Stock Exchange following the announcement of the merger of the private sector bank with the financial institution.

IDBI Bank scrip ended the day at Rs 50.55 (US$1.09) as against the previous close of Rs 42.15, according to the BSE data.

The number of traded shares was 405,285 and the ...

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Source: HighBeam Research, SHARE PRICES OF INDIA'S IDBI BANK, IDBI JUMP ON MERGER ANNOUNCEMENT.

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