Archive · 30 Jun 2025
IDBI Bank Shares Rise on Disinvestment Process News
The Indian government plans to sell its shares in IDBI Bank to private buyers.
This is part of a plan to sell government-owned businesses.
The bank's shares went up in value because of this news.
The government is working on the final details and hopes to get approval soon.
IDBI Bank's profits have also increased, showing the bank's financial health.
IDBI Bank shares rose 4% on Monday amid reports of upcoming financial bids.
The government is preparing to invite financial bids for its stake in the bank.
The stake sale is part of the government's privatization and asset monetization strategy.
IDBI Bank's net profit increased 26% year-on-year in Q4 FY25.
The stock has gained around 35% so far this year.
- Who
- The Indian government and LIC.
- What
- The government is preparing to sell its stake in IDBI Bank.
- When
- Financial bids are expected to be invited soon.
- Where
- N/A
- Why
- As part of the government's privatization and asset monetization strategy.
- Share Price Increase (Monday)
- 4%
- Current Share Price (approx.)
- Rs 104.26
- Stake for Sale
- 60.72%
- Ownership
- Government and LIC
- Q4 FY25 Net Profit YoY Increase
- 26%
- FY26 Disinvestment Target
- Rs 47,000 crore
