New Delhi, March 22 The government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the unsuccessful attempt to divest stake in the LIC-controlled lender, sources said.Currently, the public float in IDBI Bank is only 5.29...
bank privatization
dipam
emirates nbd bank
fairfax india
financial bids
government ofindia
idbi bank
india
investment
lifeinsurancecorporationofindia (lic)
offer-for-sale (ofs)
public shareholding
reserve bank ofindia
strategic disinvestment
valuation
New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...