EAS Sarma IDBI disinvestment letter: What he wrote? IDBI Bank shares in focus after massive ₹52,878 crore Fairfax deal
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IDBI Bank shares remain in focus on Wednesday, 21 October, after activist EAS Sarma wrote to the President of India.
- ✓He urged her to reconsider the Centre's decision to divest its stake in the bank.
- ✓"I seek your intervention in directing the government to review CPSE disinvestment in particular," he said.
Story at a Glance
- Category
- MARKET
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- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
EAS Sarma IDBI disinvestment letter: IDBI Bank share price will remain in focus on Wednesday, 21 October, after reports revealed that former civil servant and activist EAS Sarma has written to the President of India, urging her to reconsider the Centre's decision to divest its stake in IDBI Bank.
IDBI Bank shares ended Monday's session on a negative note, closed 2.23% lower at ₹84.12 apiece on 19 October.
Sarma pointed out that the President holds equity shares in Central Public Sector Enterprises (CPSEs) on behalf of the people.
"I seek your intervention in directing the government to review CPSE disinvestment in general and IDBI disinvestment in particular," the letter said, as per the report.
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