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IDBI BANK PRIVATISATION
IDBI Bank shares rally 13%, market value swells by Rs 11,460 crore amid muted market. What lies ahead?IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. Th...- IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closerIDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling s...
- Centre unlikely to dilute strategic sale list despite ministries’ push for reviewThe government plans to proceed with its strategic sale of public sector enterprises. Ministries have requested reconsiderations, but few c...
- 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...
- Privatisation of banks unlikely to hurt financial inclusion drive, national interest: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman addressed concerns about bank privatisation. She stated that nationalisation in 1969 did not fully achi...
- Bank officers' union AIBOC opposes privatisation of IDBI BankAIBOC has criticised the government's decision to privatise IDBI Bank, calling it a betrayal of parliamentary assurances made in 2003. The ...
- Due diligence for IDBI Bank stake sale done, financial bids expected in Q3: DIPAM SecyThe government anticipates inviting financial bids for IDBI Bank's disinvestment in the third quarter of the current fiscal year. The selec...
- Minimum public shareholding rule eased for privatised state-run companiesThe Securities Contracts (Regulation) Amendment Rules, 2022 was notified by the government on January 2. Following the notification, IDBI B...
- IDBI Bank privatisation: LIC to recover its investment by time of saleThe successful bidder would be required to mandatorily lock-in at least 40 per cent of the equity capital for 5 years from the date of acqu...
- Shriram Group likely to submit EoI for IDBI BankWhile talks to form a consortium with financial investors are also underway, Shriram has not reached a mutually acceptable commercial arran...
- IDBI Bank's privatisation process likely to conclude by September 2023The financial bids for the sale will be invited by March and the process is expected to conclude by September 2023. Union government along ...
- Ring-fencing privatisation: Bidders may soon have to give full legal disclosuresThe move comes after a key constituent of the successful bidder for Pawan Hans received an adverse order from the Kolkata bench of the Nati...
- IDBI Bank's potential suitors seek clarity on CAG, CVC roleThe bidders have raised concerns about potential investments in the bank being subject to CAG's scrutiny in the future. IDBI Bank also foll...
- PSB Privatisation Bill may allow government complete exitThe Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, requires the central government to hold at least 51% of public ...
- 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 holding roadshows for IDBI Bank privatisation to assess investor interestThe government is holding roadshows for IDBI Bank privatisation and will come out with EoI after assessing investor interest, Minister of S...
- Government to first gauge investor response to IDBI stake saleThe response and challenges will be assessed and, based on that, a strategy will be formulated for future privatisation in the financial se...
- Buy IDBI Bank, target Rs 110: Rakesh BansalBuy IDBI Bank Ltd. at a price target of Rs 110.0 .
- Government decision on IDBI Bank privatisation stands: Arun JaitleyFor the PCA banks, he said, the principle objective appears to be that they maintain their regulatory capital and it has been the criterion...
- Bank unions call All India strike on July 29About 10 lakh bank employees and officers of all public sector banks, private banks and foreign banks will observe a full day all India ban...
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