Rs 18,900 crore wiped off! IDBI Bank shares tumbles 19% in 2 days on divestment jitters
IDBI Bank shares plummeted nearly 20% over two days, wiping out Rs 18,900 crore in market value. This decline follows reports that the government may halt the divestment process due to financial bids falling short of the floor price. The potential cancellation could impact the government's FY27 disinvestment targets.
IDBI Bank shares plummeted nearly 20% over two days, wiping out Rs 18,900 crore in market value. This decline follows reports that the government may halt the divestment process due to financial bids falling short of the floor price. The potential cancellation could impact the government's FY27 disinvestment targets.
