IDBI Bank share gains over 3% as government nears final stage of stake sale pact, financial bids likely by September
The official further indicated that the government plans to call for financial bids for IDBI Bank by September 2025. This marks a significant step forward in the long-pending strategic disinvestment of the lender, in which the government and LIC together hold around 94.72%.
The stock touched a high of ₹105.40 in early trade, compared to its previous close of ₹101.32, backed by strong volume of over 2.24 crore shares.
At current levels, IDBI shares are hovering close to their 52-week high of ₹107.90 and have gained sharply from the year's low of ₹65.89, supported by privatisation hopes and improving operational performance.
Disclaimer: The views and investment suggestions expressed by brokerages or media reports are their own and not that of this platform. Investors are advised to consult certified financial advisors before making any investment decisions.
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