India gets bids for IDBI Bank stake sale, lender's shares drop

Kotak Mahindra Bank

09/02/2026 04:03

** India's IDBI Bank IDBI.NS shares drop 2% in early trade

** India's divestment secretary said on Friday it got bids for a stake sale in the lender without disclosing details

** Reuters reported on Friday citing sources Kotak Mahindra Bank KTKM.NS among firms in fray to bid for IDBI Bank stake

** KTKM, in an exchange filing on Saturday, denied participation in the sale

** KTKM shares up 1% on the day

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))