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IDBI BANK DIVESTMENT
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risksIndia's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to main...- Govt weighs options to revive stalled IDBI Bank privatizationIndian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectation...
- Kotak CEO flags IDBI valuation concerns as privatization dragsIDBI Bank, backed by Life Insurance Corp. of India, reported quarterly earnings that missed estimates on Thursday, adding another layer of ...
- Govt reviews divestment plans, IDBI Bank stake saleGovt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted t...
- Government likely to restart IDBI Bank privatisation process from scratchThe government may restart the privatisation of IDBI Bank from scratch after financial bids came in below the reserve price, leading to the...
- Rs 18,900 crore wiped off! IDBI Bank shares tumbles 19% in 2 days on divestment jittersIDBI Bank shares plummeted nearly 20% over two days, wiping out Rs 18,900 crore in market value. This decline follows reports that the gove...
- IDBI Bank shares tumble 15% as govt likely to halt divestment process: Here’s whyIDBI Bank shares saw a significant drop of 15% on Monday. This decline followed a report indicating the Indian government will halt the sal...
- Kotak Mahindra Bank clarifies it has not submitted financial bid for IDBI Bank stakeKotak Mahindra Bank has clarified its position on the IDBI Bank disinvestment. The bank stated it has not submitted a financial bid. This c...
- IDBI Bank divestment: Financial bids received, under evaluation, says Finance MinistryThe Department of Investment and Public Asset Management (DIPAM) announced that financial bids for the strategic disinvestment of IDBI Bank...
- IDBI Bank shares jump 2% as Sebi approves LIC reclassification as a public shareholderIDBI Bank's shares surged following SEBI's approval to reclassify LIC as a public shareholder after the government's divestment. LIC's voti...
- Govt advances disinvestment process for IDBI Bank, due diligence to begin in November: ReportThe government is advancing the disinvestment of IDBI Bank, with the due diligence process starting in November. Prospective bidders for th...
- FM Sitharaman says door wide open for private players as no sector is exclusive for the governmentFinance Minister Nirmala Sitharaman has indicated a significant shift in India's economic policy by suggesting that private companies may s...
- IDBI Bank privatisation picks pace, govt may allow access to private data by early August: DIPAM SecyIDBI Bank sale: The divestment of IDBI Bank progressed, with private data to be available in August. Secretary Tuhin Kanta Pandey stated th...
- We are happy with the EOIs received for IDBI Bank divestment; process to be over in FY24: DIPAM secy“Depending upon different transactions, the due diligence process time is different. In the case iof IDBI Bank also, it will depend much on...
- Centre invites EoIs for IDBI Bank; on offer: 60.72% + management controlLarge corporate houses and individuals will not be eligible to bid on their own or as a consortium in keeping with Reserve Bank of India (R...
- Union government, LIC to divest over 60 per cent stake in IDBI BankExpressions of Interest (EoIs) from likely bidders will be invited on October 7, said the Department of Investment and Public Asset Managem...
- India said to weigh selling at least 51% of $5 billion IDBI BankOfficials in the government and the state-backed Life Insurance Corp. of India, which together own about 94% of IDBI Bank’s shares, are in ...
- Merger with private bank, NBFC proposed at IDBI Bank roadshowsThe option was proposed by some of the participants at the roadshows who were of the view that an all-cash offer for the bank would work ou...
- Govt, LIC to sell full stakes in IDBI Bank, open offer may be triggeredThe mandate received from Cabinet Committee on Economic Affairs is to off-load upto 100 per cent stake of government and LIC along with tra...
- IDBI sells its 18.95% stake in Stock Holding Corporation to IFCIIDBI Bank has divested its entire 18.95 per cent stake in Stock Holding Corporation of India to IFCI Ltd.
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