IDBI Bank Unlocks Value: Sells Entire PIPDIC Stake to Puducherry Govt for ₹188.3 Million

Unknown Apr 02, 2026 1,000 Views

IDBI Bank Ltd has taken a decisive step in its ongoing portfolio streamlining by divesting its entire 21.14% stake in Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) to the Government of Puducherry. The transaction, valued at ₹188.3 million, marks a strategic exit...