India's IDBI Bank hits 12-month low on report government considering offer-for-sale
23/03/2026 05:24
** Shares of IDBI Bank IDBI.NS fall about 7% to 67.95 rupees, lowest level since March 4, 2025 ** Government may consider stake sale via offer-for-sale to increase public shareholding in IDBI Bank after attempt to divest stake fell through earlier this month - PTI report, quoting sources ** IDBI, government officials did not immediately respond to a Reuters request for comment ** YTD, IDBI down about 34% (Reporting by Abhirami G in Bengaluru) ((abhirami.g@thomsonreuters.com))
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