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BankingMedium impactPre-market

India suspends IDBI Bank stake sale due to low bids

pre-market1 source ↓written by the desknot a recommendation

valued at approximately
$6.5 billion
and LIC
45.48%
of IDBI Bank
49.24%

The Indian government has halted the sale of a 61% stake in IDBI Bank after bids fell short of the minimum price threshold. The stake, valued at approximately $6.5 billion, was jointly held by the government and LIC. This suspension reflects ongoing challenges in reducing state involvement in the banking sector.

• Bidders included Fairfax Financial and Emirates NBD

• Government currently holds 45.48% and LIC 49.24% of 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 17 Mar 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDBI closed −3.6% on the day of the news, from ₹76.90 to ₹74.10; Nifty +0.7% over the same session.

Bulletin at 07:04 IST on 17 Mar 2026. Every change is measured from ₹76.90, the last close before it, on 16 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 it61.5082.26103.02axis spans 68%before the news · 16 Mar76.90Nifty 50IDBIbulletinD0+1+3+510 Mar20 Mar2 AprReference close ₹76.90. 16 sessions from 10 Mar to 2 Apr; the price axis spans 68 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 %
Before16 Mar₹76.90basebase
On the day17 Mar₹74.10▼ −3.6%▲ +0.7%−4.4 pp difference
+1 session18 Mar₹74.93▼ −2.6%▲ +1.6%−4.1 pp difference
+3 sessions20 Mar₹73.07▼ −5.0%▼ −1.3%−3.7 pp difference
+5 sessions24 Mar₹67.07▼ −12.8%▼ −2.1%−10.7 pp difference
Gap at the open, % · ₹
▲ +1.0%+0.80 on 17 Mar
Day's range, % · ₹
6.0%≈ 4.6 high to low
Volume on the day
2.02×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · IDBI on the desk →

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