IDBI Bank Limited — Important, 13-05-2025: Diversification/Disinvestment

IDBI Bank has sold its entire 21.14% stake in Pondicherry Industrial Promotion Development and Investment Corporation Ltd. (8,54,000 shares) to the Government of Puducherry for Rs.18.83 crore. Exiting this associate company allows IDBI Bank to reduce non-core holdings and sharpen focus on its core banking business, potentially improving operational efficiency and portfolio clarity for shareholders.