IDBI

shares jump 8% following latest DIPAM update on divestment - DETAILS

IDBI Bank Disinvestment : DIPAM Secretary Arunish Chawla on Thursday (August 21) told ET Now that qualified bidders for the IDBI Bank stake sale are nearing completion of their due diligence. The process is expected to wrap up by next month. Following this, the shares of the lender surged by over 8 percent. Chawla said that data room and consultations regarding this are done and financial bids likely by December 2025. He added that the winner of the bids will be announced by the end of FY 2026.