India's IDBI Bank hits 12-month low on report government considering offer-for-sale

IDBI Bank

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))