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Financial Bids for IDBI Bank Likely by Q3: Govt
The New Indian Express Hubballi
|August 02, 2025
Govt will offload 30.48%, and LIC will sell 30.24% as part of the sale
The strategic sale of IDBI Bank has entered its final phase, with the government aiming to select a buyer for the public sector bank by the end of this financial year.
"We hope to receive financial bids by the third quarter, and the successful buyer could be announced by the end of the financial year," Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM), told the media on Friday.
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