The shares of the bank jumped 1.87 percent to Rs 74.15 on NSE at 02:58 pm on Monday. The share purchase agreement for IDBI Bank’s privatisation is set to be finalised in March, a report by CNBC-TV18 said on March 10. The Central government has set a target of completing the IDBI transaction by the first half of next financial year, top officials told the news channel. In January, Moneycontrol had reported that the divestment process at the bank has moved to the next stage with global consultancy firm KPMG conducting closing due diligence. The department of investment and public assets management (Dipam) will invite bids to acquire 60.7 percent stake in the bank. The divestment will likely happen in FY26, according to the Moneycontrol report, and bids are unlikely to be placed in March and the bank will likely be sold in FY27. The bank’s shares were trading at Rs74.15 at 2:58pm on Monday on the NSE.