India's IDBI Bank extends rally on reports of stake sale timeline

IDBI Bank

30/06/2025 07:54

** Shares of IDBI Bank IDBI.NS rise 4% to 105.40 rupees

** Stock is on course for the seven straight session of gains

** IDBI shares are up 13.6% since June 25, when Moneycontrol reported that IDBI stake sale will be completed in 2025, citing a senior government official

** On Monday, CNBC-TV18 reports that government will invite financial bids for IDBI soon

** Separately, Bloomberg and ET NOW report the financial bids will be called for by September, citing government officials

** IDBI did not immediately respond to a Reuters request for comment

** IDBI shares are up 32.5% in 2025 so far, outperforming the 4.4% rise in small-cap 100 index .NIFSMCP100, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))