IDBI Bank shares fell by 10.5% on Tuesday, closing at ₹81.22 on the NSE. During the day, the price dropped as low as ₹79.05. This crash happened because there is a lot of confusion about the bank's disinvestment (selling government ownership to private buyers). Trading was very busy, with over 6.9 crore shares changing hands, worth about ₹571.93 crore.

The main reason for the panic is the delay in the strategic sale. The Indian Government and LIC together want to sell a 60.72% stake in the bank. This process has been stuck for a long time. Earlier, some bids were rejected because they did not meet the government's minimum price. Reports say Canada-based Fairfax Holdings is interested, but nothing is final yet.

Market experts say the stock is very sensitive to news about this sale. Kranthi Bathini from WealthMills Securities noted that the market is tired of waiting for a clear answer. Without a proper resolution in sight, investors are choosing to sell their shares rather than hold them. This creates 'overhang' (when a pending event causes a stock price to stay low).

There are also legal and regulatory worries slowing things down. Former Government Secretary EAS Sarma has raised some red flags. He wrote to the Finance Minister about SEBI's takeover rules. He warned that the sale might force a mandatory 'open offer' (a rule where the new buyer must offer to buy shares from small public investors). He also pointed out concerns about foreign ownership limits and the future of bank employees.

Another issue involves Fairfax's existing ownership of CSB Bank. Rules usually stop one group from owning large stakes in two different banks. These complications are making the deal much harder to finish. For bank officers and staff, this means the wait for a new private owner continues, and the bank's future structure remains unclear.

On the technical side, the wider 'Bank Nifty' index also performed poorly, closing at its lowest level since July. For IDBI customers, daily operations remain normal, but the stock market crash shows that big investors are nervous. Everyone is now watching the government to see if they will change the deal terms or announce a new timeline for the sale soon.