IDBI Bank Share Price Fall 29% in a Week Amid Stake Sale Uncertainty

IDBI Bank share (NSE: IDBI) price have come under heavy selling pressure, falling sharply over the past week due to uncertainty around its proposed disinvestment.

Sharp Fall in IDBI Share Price

The stock has seen a steep decline:

• Dropped 5% intraday to around ₹73.35
• Fell 20% in the last 2 trading sessions
• Down 29% in 1 week
• Trading close to its 52-week low of ₹72.04

This fall comes even as the broader market remained relatively stable.

Reason Behind the Decline

Disinvestment Uncertainty

The main trigger for the fall is reports that the government may cancel the stake sale:

• Proposed sale of 60.7% stake in the bank
• Includes holdings from:
  • Government of India
  • Life Insurance Corporation of India (LIC)

Bank’s Clarification

IDBI Bank stated that:

• The disinvestment process is confidential
• It cannot confirm or deny such reports
• No official communication has been received from the government

The bank added it will inform exchanges if any update is received.

Impact on Government Plans

If the sale is delayed or cancelled:

• It could affect the government’s ₹80,000 crore disinvestment target for FY27
• Authorities may wait for better market conditions to get higher valuations

Read More: Adani Enterprises Rights Issue: Second Call Payment Deadline Falls Today.

Shareholding Snapshot

• Public shareholding stands at around 5.29%
• Retail investors hold about 3.85%

Conclusion

IDBI Bank shares have dropped sharply due to uncertainty over its stake sale. While the long-term outcome depends on government decisions, current market sentiment remains weak, keeping the stock under pressure.

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