IDBI Bank, CONCOR surge as FY25 divestment target at Rs 50,000 crore exceed
Thu, Feb 1, 2024 2:01 PM

IDBI Bank, CONCOR surge as FY25 divestment target at Rs 50,000 crore exceed

A Flip by Avya Verma
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IDBI Bank and Container Corporation shares saw an increase on February 1st after the government set a divestment target of Rs 50,000 crore for FY25. Other divestment targets such as Shipping Corp and BEML were also trading higher. The government has faced roadblocks in divesting its stakes in these companies, but with the higher target for FY25, investors are hopeful it will be completed.

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