IDBI Bank shares fall 4% amid stake sale developments
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 4%
- of their holdings
- 60.7%
- cap stands
- ₹1.12 lakh cr
Shares of IDBI Bank fell 4% to an intraday low of ₹103 as Kotak Mahindra Bank confirmed it did not submit a bid for the bank's stake sale. The government and LIC are looking to divest 60.7% of their holdings, with bids from Fairfax Financial and Emirates NBD. The market cap stands at ₹1.12 lakh cr.
Not investment advice. For informational purposes only.