IDBI Bank Shares Tumble as India’s Planned Stake Sale Goes Awry

IDBI Bank Ltd. shares slumped in Mumbai after the Indian government scrapped bids for a majority stake in the lender.

By Ashutosh Joshi, Siddhi Nayak · Bloomberg Markets

IDBI Bank Ltd. shares slumped in Mumbai after the Indian government scrapped bids for a majority stake in the lender.