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Govt extends deadline to submit preliminary bids for IDBI Bank privatisation

15 Dec 2022 Evaluate

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.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.  

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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