The deal, which was reported at 10.15 am, also saw the scrip touching an intra-day as well as 52-week high of Rs 29.50 before closing at Rs 28.10 on BSE.
On NSE, the scrip went up to Rs 30.20 and closed at Rs 28.40. The scrip appreciated about 30 per cent in the last two trading sessions.
While the scrip has been witnessing buying interest on the expectation of positive developments, managing director, Sudhakar Gande, said discussions were at an advanced stage and the deal would be be finalised in another 4 to 6 weeks.
It may be recalled that the bank recently initiated talks with the Development Bank of Singapore and the Commonwealth Bank of Australia to sell a 49 per cent stake to them, while putting on hold the talks with Newbridge Capital, which had initially shown interest to pick up stake in GTB.
With a view to infusing the additional capital, the bank has decided to seek shareholders