With Kotak Bank not in IDBI fray, eyes on foreign suitors
Kotak Bank has denied media reports of submitting a financial bid for IDBI Bank, ruling itself out of the acquisition race. This development shifts focus to foreign bidders like Fairfax India and Emirates NBD, as the government aims to complete the sale by FY26. Valuation concerns are cited as a potential reason for Kotak’s withdrawal.🕒 1 min read
Kotak Bank has denied media reports of submitting a financial bid for IDBI Bank, ruling itself out of the acquisition race. This development shifts focus to foreign bidders like Fairfax India and Emirates NBD, as the government aims to complete the sale by FY26. Valuation concerns are cited as a potential reason for Kotak’s withdrawal.
Continue Reading
- Relief for third parties caught in search cases, budget also tweaks timelines for block assessments
- Man Heading To Delhi Airport To See Off Son Dies In Multi-Vehicle Collision
-
US stock market today (April 29, 2026): Dow, S&P 500 slip ahead of Fed decision; oil surge from Iran war weighs on sentiment
- 24-Year-Old Arrested After Man Dies In Hit-And-Run Case In Delhi
-
Bank holidays this weekend: Are banks open or closed on August 15 & 16? Check state-wise list
- Akash Deep Almost Certain To Miss Out Manchester Test vs England; Jasprit Bumrah Likely To Play: Sources
-
All You Need To Know About Zelensky’s Upcoming Meeting With Trump In US
-
Sunetra Pawar Takes Oath, Becomes Maharashtra’s 1st Woman Deputy Chief Minister
-
Bangladesh rejects ultimatum claims: BCB says ICC assures team’s T20 WC participation
-
“We Know Our Limitations”: Himanta Sarma On NDA Target For Assam Polls