IDBI Bankon Tuesday said it has received a GST demand order of ₹2.97 crore along with interest and penalty for alleged excess availment of input tax credit (ITC).…
Read more IDBI Bank gets Rs 2.97 crore GST demand orderCanadian billionaire Prem Watsa’s Fairfax is back in the fray bidding for IDBI Bank with a sweetened deal. According to highly placed sources aware of the matter Fairfax…
Read more Fairfax sweetens the deal for IDBI BankIt’s a two-horse race for IDBI Bank between Kotak Mahindra Bank and Prem Watsa-led Fairfax India Holdings, with both parties willing to pay a premium for acquiring a…
Read more Kotak vs Watsa: The battle for acquiring IDBI Bank intensifiesAs the IDBI Bank privatisation enters the next stage, it may end up being one of the most profitable divestment processes for the government in recent years. Interested…
Read more IDBI Sale likely to conclude at 7-10 per cent premiumThe Centre on Saturday said that it has received multiple bids for stake sale in IDBI Bank. Government along with Life Insurance Corporation of India (LIC) together plan…
Read more Govt gets multiple bids for stake sale in IDBI BankIn a move that could give a fillip to the proposed strategic disinvestment of government and LIC’s stake in IDBI Bank, SEBI has acquiesced to the government’s request…
Read more SEBI allows govt to re-classify its IDBI Bank stake as ‘public’ for ease of divestmentThe government and state-owned insurer LIC, who will continue to hold significant shareholding in IDBI Bank after its privatisation, will not veto any proposals of the new owner…
Read more IDBI Bank selloff: Government, LIC assure free hand to new promoter after divestment
