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IDBI BANK SALE
India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...
India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: SourcesFairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a m...
Parliamentary panel on finance suggests task force to fill 38 vacant DIPAM positionsA parliamentary committee highlighted a significant 43 percent vacancy rate within DIPAM. This shortage severely impacts the department's a...
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...
LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...
India on track to exceed key fundraising goal on state-firm stake salesIndia is poised to achieve its divestment aspirations this fiscal year, with enhanced momentum in stake sales and asset monetisation. Altho...
Inside LIC’s Rs 16 lakh crore portfolio: Its biggest stock buys and sells in June quarterLife Insurance Corporation bought shares worth over Rs 16,000 crore in June. Bharti Airtel and Maruti Suzuki saw the largest buying from th...
Sebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issueSebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders ...
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...
Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree EnergiesIndian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank an...
Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quar...
Govt lines up PSU stake sales to cushion budget hit from oilIndia is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., t...
IDBI Bank share price rockets 19%. What’s triggering the massive surge?IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lende...
IDBI Bank sale may stall as bids trail reserve priceIDBI Bank sale: An outright cancellation of the strategic sale of IDBI will make it harder for the government to realise its FY27 disinvest...
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...
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...