IDBI Bank Bids Due First Week of February: Centre Sets Tight Deadline
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CNBC TV18•31-01-2026, 11:45
IDBI Bank Bids Due First Week of February: Centre Sets Tight Deadline
- •The Centre has set the first week of February as the new deadline for submitting bids for IDBI Bank Ltd.
- •This deadline was communicated by DIPAM to potential suitors, including Kotak Mahindra Bank, Emirates NBD, and Fairfax India Holdings.
- •The Centre seeks unconditional offers for IDBI Bank and will not disclose the reserve price to bidders.
- •The government and LIC aim to sell a combined 60.7% stake in IDBI Bank, reducing their holdings to 15% and 19% respectively post-divestment.
- •The Centre retains the right to reject any bid in consultation with the Reserve Bank of India.
Why It Matters: The Centre has accelerated the IDBI Bank divestment process, setting an early February bid deadline.
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