IDBI Bank shares fell amid updates on its strategic disinvestment, with Fairfax Financial and Emirates NBD emerging as bidders. The government and LIC plan to sell a combined 60.7% stake in the lender as part of the privatisation programme.
Fractal Analytics is set to raise significant funds through its IPO. The company plans to use the proceeds for debt repayment and business expansion. While
Kotak Mahindra Bank faces leadership churn as CTO Bhavnish Lathia resigns citing personal reasons for a US relocation, less than a year into his role.
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