Search result for 'idbi bank strategic sale'

Govt may seek revised bids for IDBI Bank sale as original bids were lower than the reserve price. Strategic sale details inside.

Strategic sale of IDBI Bank likely scrapped as financial bids were below the reserve price. Govt & LIC planned to sell 60.72% stake.

Govt receives financial bids for IDBI Bank strategic disinvestment. DIPAM to evaluate bids. Privatization process nears completion.

Finance Ministry considers raising FDI in public sector banks to 49% from 20% to boost capital. Inter-ministerial consultation ongoing.

India's DIPAM to invite financial bids for IDBI Bank's strategic sale in Q3 2024. Successful bidder expected by March 2026. Due diligence and data room protocols finalized.

IDBI Bank's strategic sale is likely to conclude by October, following the receipt of multiple EoIs and completion of due diligence. The government aims to sell a 60.72% stake.

The Indian government has appointed asset valuers for IDBI Bank and is deliberating on a share purchase agreement with a prospective buyer. The strategic sale is expected to conclude in 6-7 months.

The Indian government expects to complete the strategic sale of IDBI Bank in the next financial year. DIPAM Secy Tuhin Kanta Pandey confirmed the process is underway.

The Indian government has issued a fresh RFP for appointing an asset valuer for IDBI Bank, after canceling the previous bid process due to lack of bidders. The deadline for submitting bids is...