New Delhi, July 14 -- IDBI Bank share price rose as much as 4% on NSE in Tuesday's trading session after report revealed that government received revised financial bids from two foreign bidders for the proposed stake sale in the lender.

The stock opened at Rs.85 apiece today, as compared to previous close of Rs.84.07 on Monday. IDBI Bank shares touched an intraday high of Rs.87.63 apiece on 14 July.

According to a Reuters report, India has received revised bids from Canada's Fairfax Financial and Dubai-based Emirates NBD for the sale of its stake in IDBI Bank, with the divestment process expected to be completed within the next month.

Bids for the stake sale are currently under evaluation, with a high-level panel of bureaucrats meeting...