IDBI Bank privatisation

NEW DELHI: The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process.Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of…

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NEW DELHI: The deadline to submit preliminary bids for IDBI Bank privatisationis likely to be extended by almost a month till early January, a government official said on Friday. The government and LIC together are looking to sell a 60.72…

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NEW DELHI: India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with…

NEW DELHI: The government is in talks with the market regulator seeking to relax a key public shareholding norm for the potential buyer of IDBI Bank in a bid to attract a larger pool of suitors, according to two sources. Earlier this month,…

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The government has invited expressions of interest (EoI) for its and LIC’s stake sale in IDBI Bank. The stake sale will include transfer of management control. The government and LIC will sell at least 60.72 per cent of IDBI Bank. The…

IDBI Bank Privatisation: The central government has been mulling the privatisation of IDBI Bank for quite some time now, and has kept the lender in its list of companies for divestment. The Department of Investment and Public Asset…

<!-- -->LIC will retain partial stake in IDBI BankNew Delhi: State-owned Life Insurance Corporation of India (LIC) has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel.Along…