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Divestment update

IDBI Bank share price slumps 5% intraday as it reacts to divestment update; why this insurance stock may have advantage?

IDBI Bank share price slumps 5% intraday as it reacts to divestment update; why this insurance stock may have advantage?

Mon, Jun 13, 2022

"We may need one more round of discussion with RBI on IDBI strategic sale. The expression of interest (EoI) may be invited by July-end," the official said. The government holds a 45.48 per cent stake in the bank, while LIC owns 49.24 per cent. 

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