DIPAM Sets February 5 Deadline for Final IDBI Bank Divestment Bids
Business
M
Moneycontrol•30-01-2026, 18:02
DIPAM Sets February 5 Deadline for Final IDBI Bank Divestment Bids
- •DIPAM has set February 5 as the deadline for shortlisted bidders to submit final bids for IDBI Bank's divestment.
- •Three contenders—Kotak Mahindra Bank, Emirates NBD, and Fairfax India Holdings—received the final bid invite in January.
- •The final bid price will reflect acquisition price as per SEBI norms, given IDBI Bank is a listed entity.
- •The evaluation process involves opening bids in the presence of transaction advisers and an inter-ministerial group (IMG).
- •The government and LIC plan to offload 30.48% and 30.24% stake respectively, with a winner potentially identified by March 2026.
Why It Matters: IDBI Bank's divestment nears completion with final bids due February 5 from key contenders.
✦
More like this
Loading more articles...
