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IDBI BANK ACQUISITION
Edelweiss Alternatives’ Subahoo Chordia quits, likely to launch own fundSubahoo Chordia, a key figure at Edelweiss Alternatives, has departed to launch his own infrastructure fund. He was instrumental in buildin...- Kotak’s asset quality gains drive robust Q4 show: Dnyanada VaidyaKotak Mahindra Bank delivered strong Q4 results with unexpected margin expansion and declining credit costs. While management anticipates f...
- Lenders' fields may yield less as collections wilt in summer"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...
- NARCL to take over Rs 1000 crore Kay Bouvet debtNational Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...
- NARCL set to acquire debt of Kay Bouvet EngineeringSpecialised equipment maker Kay Bouvet Engineering's Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery thr...
- IDBI Bank's renaming on radar ahead of divestmentPotential suitors for IDBI Bank's disinvestment face uncertainty regarding renaming the lender post-acquisition. The RBI previously rejecte...
- Govt eyes 'control premium' to part with its stake in IDBI BankAccording to government and stock exchange data reviewed by ET, the government has pumped in ₹27,000 crore into IDBI Bank between April 1, ...
- IDBI stake sale: 7 firms in transaction adviser shortlistThe government has kick-started the process of sale of its stake in IDBI Bank, where government shareholding is at 45.48%, LIC of India hol...
- RBI says no to IDBI Bank name change proposalThe board of IDBI Bank had last month sought RBI's approval for change in the name of the lender to either LIC IDBI Bank or LIC Bank follow...
- RBI not in favour of changing IDBI Bank's nameThe board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank.
- IDBI Bank invites application for two deputy MDsCurrently, there are two DMDs at the bank - KP Nair and GM Yadwadkar who are due for retirement soon.
- IDBI may now become LIC IDBI Bank or LIC BankThe board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
- LIC makes open offer to acquire 26% stake in IDBI BankThe open offer has been made at a price of Rs 61.73 a share.
- LIC seeks CCI nod for IDBI Bank dealThe open offer, at Rs 61.73 per equity share, will close on December 14.
- LIC board explores open offer for IDBI BankLIC intends to increase its stake in IDBI Bank to 51 per cent.
- LIC board meet tomorrow to vet IDBI takeover, stake buy likely in 2-3 tranchesThe board is due to meet tomorrow to take up the proposal.
- IDBI Bank gets govt nod for acquisition by LICThe acquisition of controlling stake by the LIC, it added, would be through preferential issue/open offer of equity.
- IDBI Bank zeroes in on Federal Bank for acquisitionState-owned IDBI Bank is believed to have zeroed in on Kerala-based private sector lender Federal Bank for acquisition.
- IDBI scouting for buyouts, two banks on radarAfter acquiring United Western Bank three years ago, IDBI Bank is now once more on the prowl for acquisitions and has identified two Indian...
- IDBI to aggressively grow business, prepared for acquisitionsIDBI Bank is now eyeing more acquisitions to further scale up its pan-India presence while its organic growth plans include the setting up ...
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