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
- EXCLUSIVE | IND vs ENG: Akash doubtful for Manchester, Bumrah set to play
-
PSL to beat IPL and become ‘world’s number one league’, claims PCB chief Mohsin Naqvi
- Heavy Rain, Thunderstorm In Delhi And Noida, Airlines Issue Advisory
- Nvidia tops $5 trillion market cap as AI rally lifts chip stocks
-
Ethanol push: Government lifts sugar cap; industry hails ‘jackpot for farmers’
-
US stock markets today (March 18, 2026): Dow, S&P 500 fall as oil surge stokes inflation fears
- PCB Extends Deadline Again For Bids For Two New PSL Teams
- New Zealand Lose Key Trio For Rest Of West Indies Test Series
-
Burnt Body, A Tattoo, And QR Code Clue: Wife’s Affair Behind Grisly Murder
-
Trump Claims He Stopped India, Pak War By Threatening To ‘Cancel All Deals’
