Finance
Commenter JiIDBI Bank ka privatization: 7.1 billion ka game on hai!
IDBI Bank ka privatization ka game plan pakka hai! Sarkar 60.72 percent stake bechne ja rahi hai, value hai 7.1 billion dollar. Kotak, Emirates NBD aur Fairfax ab due diligence mein busy hain. Kotak thoda cautious hai, par market mein IDBI ke shares chamak rahe hain. Bidding jaldi shuru hogi, aur officials keh rahe hain ki March 2026 tak deal ho sakti hai!
few days ago | Bloomberg
Quick rundown
1.India is set to privatize IDBI Bank with a $7.1 billion stake sale.
2.Kotak Mahindra, Emirates NBD, and Fairfax Financial are potential bidders.
3.IDBI Bank has rebounded from bad loans to profitability.
4.The government aims to complete the sale by March 2026.
5.IDBI Bank's shares have soared 30% this year amid takeover anticipation.
