IDBI Bank share Price: IDBI Bank share price increased by 12%! do you have

IDBI Bank’s share price on BSE on Thursday was Rs. Started at 73.88. Previous closing price was Rs. Slightly more than 73.73. After that the share price of IDBI Bank reached an intraday high of Rs. Reached 82.45. This represents an increase of approximately 12%.

IDBI Bank share price in July 2024 will be Rs. From 1 year high or 52 week low on January 13 to Rs. At 107.98. It fell to 65.89. But with today’s progress there has been some improvement.

idbi bank sale news

News of the sale process caught the attention of traders. The state-owned bank has reached the next stage of its sale process, Moneycontrol reported. According to a Moneycontrol report, process consultant KPMG will soon submit its closing due diligence. Closing diligence helps bidders prepare economic bids.

The bidding process is likely to be completed by the next financial year. Potential bidders for IDBI Bank include Prem Vatsa-owned Fairfax Financial, Emirates NBD, Uday Kotak-led Kotak Mahindra Bank. The Reserve Bank of India (RBI) has already approved these companies as potential bidders for majority stake in IDBI Bank.

Experts’ opinion on IDBI Bank

Mahesh M Ojha, AVP – Research, Hansex Securities, said, “IDBI Bank share price is rising on the news of stake sale. Sale process advisor KPMG will present its closing due diligence report. This will pave the way for the bidding process. Stake Liquidity is expected to come into the sales bank.