India's IDBI Bank rises on report India gets revised bids for stake sale

Life Insurance of India

14/07/2026 06:02

** Shares of India's IDBI Bank IDBI.NS up 3.4% to 86.9 rupees
** India received revised bids for sale of majority stake in IDBI Bank from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU and the process is likely to be completed within a month, government source tells Reuters
** Indian government owns 45.48% of IDBI Bank, while LIC LIFI.NS holds 49.24%
** IDBI, LIC, Indian government, Fairfax Financial, and Emirates NBD did not immediately respond to Reuters' request for comment
** YTD, stock down 15.6%

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))