The government has extended the deadline to submit preliminary bids for the IDBI Bank privatisation till January 7, 2023. The government and LIC together are looking to sell 60.72% stake of IDBI Bank and had invited bids from potential buyers in October. The last date for submitting an Expression of Interest (EoI) or preliminary bids was December 16. Following that transaction advisors received requests for an extension of the deadline.
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