IDBI Bank shares drop 8% on potential stake sale
pre-market1 source ↓written by the desknot a recommendation
- to ₹67.38
- 7.87%
- float is just
- 5.29%
- and the Government
- 49.24%
- of India
- 45.48%
Shares of IDBI Bank fell 7.87% to ₹67.38 on March 23, as the government considers an Offer-for-Sale (OFS) to boost public shareholding. Currently, the public float is just 5.29%, with LIC holding 49.24% and the Government of India at 45.48%. This move follows an unsuccessful previous divestment attempt.
Not investment advice. For informational purposes only.