IDBI Bank stake sale moves to final bidding phase
after close1 source ↓written by the desknot a recommendation
- in IDBI Bank
- 60.7% stake
The Government of India and LIC are advancing with the strategic sale of their 60.7% stake in IDBI Bank. Revised bids from Fairfax Financial and Emirates NBD are currently under evaluation, with the process expected to conclude within a month. This divestment is part of the Centre’s broader strategic disinvestment programme.
Not investment advice. For informational purposes only.