SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale

January 16, 2023

The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.

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