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BankingMedium impactAfter close

IDBI Bank stake sale cancelled due to low bids

after close1 source ↓written by the desknot a recommendation

of their stake
60.72%
financial bids
6 Feb 2023
in IDBI Bank
94.71%

The strategic sale of IDBI Bank has been cancelled as bids fell short of the reserve price set by the inter-ministerial group. The government and LIC aimed to sell 60.72% of their stake but received lower financial bids on 6 Feb 2023. This outcome may impact market sentiment around public sector banks.

• Bids were submitted by Fairfax and Emirates NBD.

• Government and LIC currently hold 94.71% in IDBI Bank.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 14 Mar 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDBI closed −16.6% on the day of the news, from ₹92.18 to ₹76.90; Nifty +1.1% over the same session.

Bulletin at 16:02 IST on 14 Mar 2026. Every change is measured from ₹92.18, the last close before it, on 13 Mar. Nifty 50 is measured over the same sessions.

  • IDBI close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IDBI closes around the bulletin against the close before the news, with Nifty 50 rebased to it61.5082.96104.42axis spans 70%before the news · 13 Mar92.18Nifty 50IDBIbulletinD0+1+3+59 Mar19 Mar1 AprReference close ₹92.18. 16 sessions from 9 Mar to 1 Apr; the price axis spans 70 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before13 Mar₹92.18basebase
On the day16 Mar₹76.90▼ −16.6%▲ +1.1%−17.7 pp difference
+1 session17 Mar₹74.10▼ −19.6%▲ +1.9%−21.5 pp difference
+3 sessions19 Mar₹70.16▼ −23.9%▼ −0.6%−23.3 pp difference
+5 sessions23 Mar₹67.39▼ −26.9%▼ −2.8%−24.1 pp difference
Gap at the open, % · ₹
▼ −10.9%−10.06 on 16 Mar
Day's range, % · ₹
7.3%≈ 6.7 high to low
Volume on the day
6.54×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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