IDBI

IDBI Bank : Clarifies on Disinvestment Rumours • 🏦 Exchange Clarification: IDBI Bank responds to exchange query regarding media report on possible scrapping of strategic stake sale. • 📢 No Confirmation: Bank states it cannot confirm or deny the report as the disinvestment process is handled by the Government of India. • 🏛️ Process Underway: Strategic disinvestment is being conducted through competitive bidding under GOI guidelines. • 📩 No Official Communication: Bank says no communication received from GOI about cancelling the stake sale. • 📊 No Business Impact: Bank states the news article has no material impact on operations or financials. 🟡 Impact: Neutral Clarification removes speculation, but disinvestment uncertainty remains until official government update.