Nature of the Event
IDBI Bank Limited has submitted a formal response to BSE Ltd. regarding clarification sought on market rumors and the increase in the bank's script price. The exchange's query was initiated through letter reference L/SURV/ONL/RV/SG/(2026-2027)/109 dated October 14, 2026, concerning a news item appearing on https://www.ndtvprofit.com/ on the same date.
Key Details and Clarifications
In response to the specific question about whether negotiations were taking place, IDBI Bank clarified that the Strategic Disinvestment of the Bank is being undertaken through a competitive bidding process in line with the Disinvestment guidelines of the Government of India (GOI) by the Department of Investment and Public Asset Management (DIPAM). The Bank explicitly stated that it has had no role to play in the Strategic Disinvestment process.
Regarding the disclosure of information, the Bank confirmed that it had disclosed to the Stock Exchanges on October 14, 2026, details of the Press Release and FAQs published by the Ministry of Finance on the Press Information Bureau website.
Regulatory Compliance and Confirmation
The Bank confirmed that it has, from time to time, promptly intimated the Stock Exchanges of all events and information having a bearing on the operations and performance of the Bank, including all price-sensitive information. This compliance is in accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.