IDBI Bank Shares Tumble as India’s Planned Stake Sale Goes Awry

🇮🇳 Bloomberg (IN) —

AI Summary

IDBI Bank shares fell sharply in Mumbai after the Indian government cancelled bids for a majority stake sale in the lender. The scrapped divestiture marks a significant setback for India's privatization plans. The development raises questions about the government's ability to proceed with state-owned enterprise reforms.

IDBI Bank Ltd. shares slumped in Mumbai after the Indian government scrapped bids for a majority stake in the lender.

World Politics Markets Deals IDBI Bank India privatization stake sale divestiture banking government policy

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