IDBI Bank

A combined 44.31 million shares representing 7.8% of IDBI Bank's total free float equity, changed hands on the NSE and BSE in Tuesday's intra-day trade.

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids put in by potential buyers were below the reserve price, sources said on Friday. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came in on February 6. Sources said the financial bids for the IDBI Bank strategic sale have come in lower than the reserve price set by the inter-ministerial group on disinvestment headed by secretaries in the finance ministry. According to sources, the bids for IDBI Bank have been opened and they were below the reserve price set by the IMG and agreed to by the core group on disinvestment, which is chaired by the Cabinet Secretary. Prem Watsa-led Fairfax and Emirates NBD are reported to have put in bids for the strategic sale of IDBI Bank. Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.

Stocks to buy: Choice Equity Broking Technical Research Analyst Aakash Shah suggests Netweb Technologies, IDBI Bank, and SBI Life Insurance Company for buying

The government has received financial bids for IDBI Bank's strategic disinvestment, a key transaction as it targets ₹80,000 crore from disinvestment and asset monetisation in FY27

IDBI Bank stock has gained 13 per cent in February so far after the Union Budget rekindled hopes of disinvestment. Bonanza technical analyst expects the stock to target ₹125 - ₹130 in the near-term.

As many as a combined 41.5 million shares representing 7.3 per cent of total public shareholding of the IDBI Bank have changed hands on the NSE and BSE.

Stocks to buy today: Osho Krishan, chief manager - technical & derivatives research, Angel One, has recommended buying shares of IDBI Bank, and Inox Green Energy Services today

The BSE 500 index hit a 52-week high at 37,771.93 on Friday, and stands 2.6 per cent away from it's all-time high of 38,740.08 touched on September 27, 2024.

IDBI Bank stock rose as much as 11.1 per cent during the day to ₹115.1 per share, the highest level since June 2014

A government agency is expected to formally open the bidding process as soon as this month, in what could be the biggest state-backed disposal of a bank stake in decades

A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740

Groww stock surpassed LG Electronics, Max Healthcare Institute, IDBI Bank, Jindal Steel and Indus Towers in the overall market cap ranking, shows BSE.

The average trading volumes at the IDBI Bank counter jumped nearly two-fold with a combined 58.94 million equity shares changing hands on the NSE and BSE till 12:26 PM.

Till 01:48 PM, 76.1 million equity shares, representing 13.4 per cent of free-float equity of IDBI Bank, had changed hands on the NSE and BSE

Q2FY26 company results: Many banks including IDBI, IDFC First, IndusInd, Jammu & Kashmir Bank, and Punjab National Bank will also release their September quarter earnings reports today

Opening top positions at public sector banks for private candidates is a welcome move. Delinking their salary from the IAS is the next logical step

DFS Secretary M Nagaraju says the government will complete the IDBI Bank sale this fiscal and begin phased divestment in five other public sector lenders

IDBI Bank moves NCLT against ZEEL over ₹225 crore default claim; ZEEL terms plea "malicious" as earlier applications were dismissed by NCLT and NCLAT