IDBI Bank adds â¹7,500 crore in m-cap after shares surge 10%
IDBI Bank added â¹7,567 crore to its market capitalisation on Friday after reports claimed that Life Insurance Corporation (LIC) may acquire majority stake in the company. The bank's shares surged about 10.3%, taking its total market valuation to â¹22,955 crore. However, IDBI Bank later said that there has been no discussion with LIC regarding any investment in the bank.