IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank.
3 reports, 3 independent
Updated Jun 24
Gone quiet
- Reports
- 3
- Developments
- 3
- Repetition
- 33%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.Sub-event
LIC and Fairfax are actively bidding for a stake in IDBI Bank as part of the government privatization.1 source
Emirates NBD is reportedly interested in acquiring a stake in IDBI Bank.1 source
Keep exploring
The entities involved
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IDBI Bank
Indian private sector bank
Nothing else this week.
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
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Emirates NBD
Middle Eastern banking group
Nothing else this week.