Company updateMint
IDBI stake sale chances remote at Rs 52,000 crore
Negative02 sources
GreyOak summary
DIPAM Secretary Chawla stated the chance of finding another buyer for IDBI Bank's stake at Rs 52,000 crore is very remote. The government opted to invite improved bids rather than cancel the exercise. A tax indemnity of Rs 627 crore contributed to a Rs 3,917 crore increase in the bid value.
What it affects
- IDBI BankIDBINegative 0
Stake sale chances deemed very remoteRolling sentiment Positive +60
Source
Read the original at MintMore IDBI Bank news
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