The incoming investor in Concor will own well below 51% of the company, because the government is selling only a minority stake. The new in...

IDBI Bank's sale process kicked off when a preliminary information memorandum was issued by the finance ministry on October 7. The governme...

The 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...

At present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding s...

The government and LIC together own more than 94% equity in IDBI Bank. The combined state holding in the bank, which had among the highest ...

The bidders have raised concerns about potential investments in the bank being subject to CAG's scrutiny in the future. IDBI Bank also foll...

As per ET NOW sources, FinMin is seeking certain relaxation from the RBI for the strategic sale. At present, there are limitations as to wh...

The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, requires the central government to hold at least 51% of public ...

We 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...

The government is yet to discuss several issues concerning the potential buyers and is working on it. The framework being created by the go...

Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chair...

The Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control in...

The 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...

The government is holding roadshows for IDBI Bank privatisation and will come out with EoI after assessing investor interest, Minister of S...

The firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM...

Among several criteria listed for eligibility, bidders should have completed at least one transaction of strategic disinvestment, strategic...

PNB had planned to raise up to Rs 7,000 crore through qualified institutional placement (QIP) that had opened on Tuesday (December 15).