The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the matter. The transaction, one of the country’s most closely watched banking disinvestments, is progressing at a measured pace as officials review the offers and prepare for the next stage of the strategic sale process.
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"Government Evaluates Revised Bids for IDBI Bank Stake Sale as Process Advances"
The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the matter. The transaction, one of the country’s most closely watched banking disinvestments, is progressing at a measured pace as officials review the offers and prepare for the next stage of the strategic sale process.
Government Evaluates Revised Bids for IDBI Bank Stake Sale as Process Advances
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (02:09 PM IST)•5 min read
The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the matter. The transaction, one of the country’s most closely watched banking disinvestments, is progressing at a measured pace as officials review the offers and prepare for the next stage of the strategic sale process.
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