India's IDBI Bank rises on media reports of govt inviting bids for stake sale

IDBI Bank

21/01/2026 09:44

adds line on requesting comment from co

** Shares of Indian lender IDBI Bank IDBI.NS rise 2.55% to 97.89 rupees

** Govt has formally invited bids for strategic disinvestment in the bank to privatize it, business news channel NDTV Profitsays

** All key regulatory and security clearances completed, decision likely to be announced by March - report

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

** Trading vols at 18.3 mln shares so far vs 30-day avg of 15.8 mln shares

** Stock up ~35% in 2025

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))