Idbi Bank
Latest news, results and stock-moving updates on Idbi Bank. Tracking 14 stories on Arth Vani.
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Latest on Idbi Bank
IDBI Bank Sale: Finance Ministry Defends Valuation, Cites ₹81/Share Bid Above Benchmark
The Finance Ministry has defended the valuation process for the IDBI Bank stake sale, stating that the methodology was approved by a high-level government committee. It highlighted that Fairfax's bid of ₹81 per share exceeded independent fair-value estimates, ensuring maximum value for the government and LIC.
Fairfax Reportedly Eyes IDBI in Potential ₹46,620 Crore Acquisition Bid
Fairfax Financial Holdings is reportedly considering the acquisition of IDBI Bank for $5.6 billion, approximately ₹46,620 crore. This potential transaction has been cited as the largest banking deal in India, according to a report from Insurance Journal.
BreakingFairfax's ₹46,700 Crore IDBI Bank Acquisition: India's Largest Banking M&A Without I-Banks
Fairfax Financial Holdings is set to acquire a controlling stake in IDBI Bank for approximately ₹46,700 crore ($5.6 billion), marking India's largest foreign investment in the banking sector. Notably, this significant transaction proceeded without the involvement of major investment banks, with KPMG advising the government.
BreakingCabinet Clears Fairfax's ₹52,878 Crore Deal for 60.72% IDBI Bank Stake
The Indian government's Cabinet has approved Fairfax Financial Holdings' acquisition of a 60.72% majority stake in IDBI Bank for ₹52,878 crore. This move is a key part of the government's strategic divestment plan, aiming to strengthen the banking sector and meet annual disinvestment targets.
BreakingHyderabad-Born Prem Watsa's Fairfax, a ₹8.3 Lakh Crore Giant, Acquires IDBI Bank
Fairfax Financial, the Canadian insurance and investment powerhouse founded by Hyderabad-born Prem Watsa, has acquired IDBI Bank. This move marks a significant expansion of Fairfax's presence in India, bringing its global assets, valued at approximately ₹8.3 lakh crore, into the Indian banking sector.
BreakingCentre Set to Surpass ₹80,000 Crore Disinvestment Target for FY27, First Time Since FY19
The Indian government is poised to exceed its ₹80,000 crore disinvestment target for the fiscal year FY27, a feat not achieved since FY19. This significant milestone is primarily driven by the strategic sale of IDBI Bank, valued at over ₹52,878 crore, alongside other minority stake sales.
Analysts See Strategic Fit Justifying Fairfax's Potential IDBI Acquisition
Financial analysts suggest that Fairfax India's potential acquisition of IDBI Bank holds significant strategic value. They believe such a move would substantially expand Fairfax's branch network and deposit base in India, establishing a foundation for a diversified financial ecosystem.
BreakingCentre Approves ₹52,878 Crore Sale of 60.72% IDBI Bank Stake to Fairfax
The Indian government (Centre) has approved the sale of a 60.72% majority stake in IDBI Bank to Fairfax for ₹52,878 Crore. This significant move marks a major step in the government's strategic divestment agenda within the banking sector.
BreakingIDBI Bank Shares Surge 13% Today Amid Weak Market on Q2 Results Anticipation
Shares of IDBI Bank experienced a significant 13% surge today, defying a generally weak broader market trend. This sharp rally is primarily attributed to strong investor expectations surrounding the bank's upcoming second-quarter financial results.
BreakingAnand Rathi Analyst Picks 3 Stocks Under ₹200 for Potential Gains
Mehul Kothari of Anand Rathi suggests investors watch for a strong close above 24,400 for a bullish market trend. He has identified three specific stocks trading below ₹200 that could be attractive for retail investors.
BreakingNSE IPO Filing: SBI, IDBI Bank, and IFCI Shares Surge as Value Unlocks
Shares of major banks and financial institutions rose by up to 3% after the National Stock Exchange (NSE) filed for India's largest-ever IPO. The move allows existing shareholders like SBI and IDBI Bank to cash out their long-held investments through an Offer for Sale.
BreakingNSE Files for India’s Largest IPO; SBI, IFCI, and IDBI Bank Stocks Gain Up to 3%
The National Stock Exchange (NSE) has officially filed papers for its long-awaited public listing, set to be the largest in Indian history. Shares of major lenders and insurers rose as they prepare to sell their stakes through this massive offering.
BreakingNSE IPO: SBI and 4 Other PSUs to Sell 2.37 Crore Shares in ₹30,000 Crore Public Issue
India’s largest stock exchange, the NSE, is moving ahead with its massive ₹30,000 crore public offer. Five state-owned institutions, including SBI and IDBI Bank, are prepared to sell 2.37 crore shares as part of this highly anticipated market debut.
IDBI Bank Shares Jump 19% as Privatisation Hopes Return to the Spotlight
IDBI Bank's stock price surged following reports that the Indian government is reviving talks for its long-awaited stake sale. Investors are also cheering the lender's strengthening financial health, including better asset quality and higher interest income.
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