28 Oct 2025 | 3 Mins Read
IDBI Bank shares surge on potential stake sale talks
Flipitmoney
IDBI Bank shares rose 8% on October 28 after a reported likely stake sale. Officials are set to meet October 31 to finalize the bidding process, clear the Share Purchase Agreement (SPA), and set a timeline for financial bids from shortlisted investors. The Centre and LIC plan to sell 60.72% stake, relinquishing management control.