IDBI Bank stake sale bids under government review
pre-market1 source ↓written by the desknot a recommendation
- in IDBI Bank
- 60.7% stake
The Government of India and LIC are evaluating revised bids for a 60.7% stake in IDBI Bank from Fairfax Financial Holdings and Emirates NBD. The disinvestment process, valued at approximately USD 5.7 billion, is expected to conclude within a month. This strategic sale could significantly reshape the bank's ownership structure.
Not investment advice. For informational purposes only.