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Early Interest Emerges For IDBI Bank As Government, LIC Look To Divest—BQ Exclusive
Four potential investors show initial interest in buying controlling stake in IDBI Bank.
21 Sep 2021, 02:45 PM IST
At least four entities have expressed early interest in purchasing controlling stake in IDBI Bank Ltd. These include Prem Watsa's Fairfax Financial Holdings, The Blackstone Group, Avenue Capital Group and InCred-KKR, two people with direct knowledge of the matter said.In recent conversations, these bidders have expressed interest in buying the government's 45.48% stake, the first of the two people said. Apart from the government's st...
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