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IDBI BANK ROADSHOW
LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassuranceState-owned LIC (Life Insurance Corporation), the promoter of IDBI Bank, plans to retain a portion of its stake in the bank to continue ben...- DIPAM rubbishes media reports of IDBI Bank disinvestment deferment"Reports appearing in a section of the media indicating the possibility of deferment of IDBI Bank disinvestment are misleading, speculative...
- Govt receives several EoIs for IDBI Bank stake saleJC Flowers, Carlyle Group, Canada-based Fairfax group and Japanese Bank Sumitomo Mitsui are understood to have evinced interest in IDBI Ban...
- Concor suitors seek clarity over shareholder rightsThe incoming investor in Concor will own well below 51% of the company, because the government is selling only a minority stake. The new in...
- Sumitomo Mitsui, global bank among investors making queries on IDBI stakeIDBI Bank's sale process kicked off when a preliminary information memorandum was issued by the finance ministry on October 7. The governme...
- IDBI bank, a test case for privatisationThe government and LIC will vote with the new buyer if it intends to - or is required to - amalgamate IDBI Bank with itself. This should al...
- IDBI stake sale: Govt seeks easing of public holding ruleAt present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding s...
- IDBI Bank stake sale: TPG, Carlyle, Fairfax tappedThe government and LIC together own more than 94% equity in IDBI Bank. The combined state holding in the bank, which had among the highest ...
- 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...
- FimMin may meet RBI on Thursday to discuss IDBI Bank strategic saleAs per ET NOW sources, FinMin is seeking certain relaxation from the RBI for the strategic sale. At present, there are limitations as to wh...
- 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 ...
- Govt likely to invite preliminary bids for IDBI Bank privatisation next month: OfficialWe may need one more round of discussion with RBI on IDBI strategic sale. The expression of interest (EoI) may be invited by July-end," the...
- Govt likely to include corporate houses in IDBI privatisation processThe government is yet to discuss several issues concerning the potential buyers and is working on it. The framework being created by the go...
- LIC keen to retain some stake in IDBI Bank for bancassurance gains: ChairmanAlong with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chair...
- IDBI Bank privatisation process on; decision on quantum of dilution after roadshow: DIPAM SecyThe Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control 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 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...
- IDBI Bank strategic sale: 7 firms in race for transaction advisorThe firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM...
- DIPAM seeks bids for transaction advisor for IDBI Bank strategic disinvestment, last date July 13Among several criteria listed for eligibility, bidders should have completed at least one transaction of strategic disinvestment, strategic...
- PNB QIP issue falls short of target by 46%PNB had planned to raise up to Rs 7,000 crore through qualified institutional placement (QIP) that had opened on Tuesday (December 15).
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