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IDBI BANK ACQUISITION
Fairfax picks up half of 3-year government bonds at auctionFairfax Financial Holdings likely purchased government bonds as a prelude to acquiring IDBI Bank. This marks the company's second significa...- Warburg Pincus buys Mumbai’s pharma company Integrace in Rs 1,200 crore dealIn a landmark transaction, Warburg Pincus, a prominent US private equity firm, has purchased Integrace Private Limited for ₹1,200 crore. Wi...
- IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 crFairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 cro...
- India nears accepting sweetened Fairfax offer for IDBI BankIndia's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for th...
- Private capital should play a much larger role in India's infrastructure development: Rajkiran Rai, MD & CEO, NaBFIDIndia requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requirement cannot be met through budget...
- Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO saysKotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel...
- NSE IPO: NIACL, IFCI, other stocks gain up to 14% as NSE files for India's largest IPO. Who's selling stake?Shares of IFCI, SBI, and other companies saw significant gains on Thursday. This surge followed the National Stock Exchange filing its draf...
- 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...
- 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...
- 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...
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