IDBI Bank, one the leading public sector banks, announced that the bank has allotted 40,929 shares of Rs 10 each on to those grantees who had exercised their option under the company's employee Stock option scheme.
The stock had underperformed the market over the past one month till Jun. 19, 2014, falling 19.03% compared with the Sensex's 3.44% rise. It underperformed the market in past one quarter, declining 10.63% as against 15.43% rise in the Sensex.
Shares of the bank gained Rs 3.15, or 3.05%, to trade at Rs 106.40. The total volume of shares traded was 323,872 at the BSE (12.43 p.m., Friday).