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.
Timeline
Friday, 25 September
- IDBI Bank Disinvestment On Track, Govt Evaluating Financial Bids At 'Steady Pace': Sources
Proposed sale covers the Centre’s 30.48% stake and LIC’s 30.24% stake
- Government evaluates revised bids for 60.72% stake in IDBI Bank
Revised bids are from Fairfax Financial Holdings and Emirates NBD
