IDBI Bank shares rally again as privatisation bid deadline hits; analyst flags ₹130 target
IDBI Bank shares rose 2% to 111.57 rupees Thursday, outperforming a falling Nifty 50, as investors eyed the government's 60.7% stake sale. The deadline for financial bids is set for Feb. 5, with Fairfax, Emirates NBD, and Kotak Mahindra Bank cleared to bid. Trading volumes spiked Wednesday, with 41.5 million shares exchanged. Employee unions have urged the government to reconsider selling to private or foreign buyers.
