The Indian government is evaluating 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 process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is moving forward at a steady pace as officials assess the offers and related terms.
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"Government Reviews Revised Financial Bids for IDBI Bank Strategic Sale, Sources Say"
The Indian government is evaluating 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 process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is moving forward at a steady pace as officials assess the offers and related terms.
Government Reviews Revised Financial Bids for IDBI Bank Strategic Sale, Sources Say
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (09:22 PM IST)•5 min read
The Indian government is evaluating 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 process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is moving forward at a steady pace as officials assess the offers and related terms.
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