Shares of IDBI Bank were in focus on June 24, rising over 3.8% intraday to ₹105.20 on the NSE as of 11:09 AM, following a Bloomberg report quoting a government official who said the draft agreement for the company’s stake sale is now in its final stages.
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.
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