IDBI Bank stake sale process may face delays: Sources
Written By ZeeBiz WebTeam
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Bidders Fairfax Financial Holdings and Emirates NBD have submitted bids below the reserve price, according to sources.
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The reserve price, for the sale, was set at around Rs 130 per share, according to sources.
A much-awaited divestment process for IDBI Bank may get stalled, according to sources.
Bidders Fairfax Financial Holdings and Emirates NBD are understood to have submitted bids below the reserve price, which may complicate the divestment process, said the sources.
A meeting of the core group of secretaries was held on Thursday to review the process.
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The reserve price, for the sale, was set at around Rs 130 per share, said the sources.
(This is a developing story. More details will be added shortly.)
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