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IDBI BANK FAIRFAX
Centre may seek revised bids from two suitors for IDBI BankGovernment may seek revised financial bids for IDBI Bank. Original offers fell below the set reserve price. This strategic sale is crucial ...
India to scrap bids for majority stake in IDBI Bank: ReportIndia is set to shelve the bids it received for a majority stake in its state-owned IDBI Bank , as the amounts were below the minimum price...
Fairfax, OMERS to extend IPO timeline of Bangalore airport holding companyFairfax Financial and OMERS have extended by 12 months the timeline for the planned IPO of Anchorage Infrastructure, the holding company ow...
IDBI Bank shares drop 4% as Kotak Mahindra Bank stays away from stake sale; Fairfax, Emirates NBD in frayIDBI Bank shares fell amid updates on its strategic disinvestment, with Fairfax Financial and Emirates NBD emerging as bidders. The governm...
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...
Scramble for a bank that came back from the brinkIDBI Bank, once a development finance institution, is nearing privatization after years of financial stress and government intervention. In...
IDBI stake sale: Kotak Mahindra, Fairfax to submit financial bidsIDBI Bank stake sale: The reserve price will be decided after receipt of the financial bids and before they are opened, said the people cit...
IDBI Bank bidders have a post-Budget deadlineCompanies bidding on a recent opportunity must submit an unconditional offer, according to bid documents. Any conditions attached to an off...
IDBI Bank's renaming on radar ahead of divestmentPotential suitors for IDBI Bank's disinvestment face uncertainty regarding renaming the lender post-acquisition. The RBI previously rejecte...
Fairfax emerges as frontrunner to acquire government-LIC stake in IDBI BankFairfax Financial seems poised to take the lead in acquiring a significant stake in IDBI Bank, with Kotak Mahindra Bank hot on its heels. A...
IDBI Bank shares jump 4% as Fairfax, Kotak emerge as key biddersIDBI Bank shares surged as Fairfax Financial and Kotak Mahindra Bank are frontrunners to buy a controlling stake. The government and LIC ar...
Govt may seek bids for $7 billion IDBI Bank stake this monthIndia is preparing to invite bids for its 60.72% stake in IDBI Bank Ltd., valued at approximately $7.1 billion. This move is a significant ...
Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank's stake saleThe Reserve Bank of India has approved Fairfax Financial Holdings, Emirates NBD, and Kotak Mahindra Bank as bidders for a majority stake in...
Security clearances for prospective IDBI bidders likely by October end“Agencies have sought information to undertake criminal record checks for the prospective applicants. These take time as it involves coordi...
IDBI sale: Fairfax sought waiver on security checkThe company had said if it were to participate in the bid process, the final composition of the bidding consortium would be different, and ...
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 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 ...