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IDBI Bank up by 8% as divestment picks up

05 Sep 2023
Business
IDBI Bank up by 8% as divestment picks up
IDBI Bank shares were up 8 per cent at Rs 70.28 on BSE.Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said IDBI Bank will be strategically disinvested; hence the Central Government has requested bids to fill the position of asset valuer. The deadline for submitting the proposals is October 9. The asset valuer will provide the bank's assets and liabilities' fair market value. The valuation will take into account the bank's investments, loans & advances, deposits, borrowings, and other obligation.--IANSsan/arm

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)