IDBI Bank jumps as Govt to divest stake

IDBI Bank surged 15.93% to Rs 39.30 after the finance minister announced the privatization of the public sector bank.

Meanwhile, the S&P BSE Sensex was down 82 points or 0.20% to 40,641.11.

Union finance minister Nirmala Sitharaman while presenting the Union Budget 2020-21 in Parliament today, 1 February 2020 proposed to sell government stake in IDBI Bank to private investors.

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