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IDBI Bank Gets Interest From At Least Four Prospective Bidders
Emirates NBD, Sumitomo Mitsui and Fairfax among those interested.
08 Jan 2023, 11:23 PM IST
The government’s divestment of stake in IDBI Bank Ltd. is likely to have received at least four expressions of interest, two people in the know said on the condition of anonymity.Emirates NBD, Sumitomo Mitsui Banking Corp. and Prem Watsa’s Fairfax Financial are likely to have submitted EOIs, the two people said. A domestic non-bank finance company is also likely in the list of prospective bidders, they said.Emirates NBD is the larges...
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