India, March 16 -- The stock of IDBI Bank Ltd. fell the most since at least June 2024 after reports that the government has decided to scrap its stake-sale plans due to lacklustre bidding.

On Monday (16 March 2026), IDBI Bank's share price fell as much as 16.48% to an intraday low of Rs.77.00 apiece on the BSE even as the benchmark S&P BSE Sensex remained largely flat.

The government is set to scrap the bids it received for a majority stake in IDBI Bank Ltd. as the amounts were below the minimum price sought, Bloomberg News reported, citing people with knowledge of the matter. That, effectively, brings a halt to the IDBI Bank stake sale process, they said.

While the sources didn't identify the bidders, Bloomberg News had previously rep...