Deal● Neutral for IDBI Bank

IDBI Bank Disinvestment On Track, Govt Evaluating Financial Bids At 'Steady Pace': Sources

1 source · first seen 17:11 25 Sept · updated 17:11 25 Sept

The brief

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Proposed sale covers the Centre’s 30.48% stake and LIC’s 30.24% stake
IDBI Bank and LIC investors are exposed to the outcome of the stake sale

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IDBI Bank₹84.40 · 1 today Disinvestment0 today LIC₹409.05 · 3 today Banks70 today PSUs3 today LIC Housing Finance₹566.00 · 1 today

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IDBI Bank stake sale

The government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank. The sale comprises the Centre’s 30.48% holding and LIC’s 30.24% stake.

Friday, 25 September

17:11You are here
IDBI Bank Disinvestment On Track, Govt Evaluating Financial Bids At 'Steady Pace': Sources
12:205 sources
Government evaluates revised bids for 60.72% stake in IDBI Bank

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NDTV ProfitIDBI Bank Disinvestment On Track, Govt Evaluating Financial Bids At 'Steady Pace': Sources17:11