IDBI Bank shares rose nearly 20% as the government considers reviving its privatization. Options under review include reassessing previous bids from Fairfax Financial and Emirates NBD, which were rejected for not meeting the reserve price. A decision is expected soon to bolster non-tax revenue.
IDBI Bank shares soared nearly 20% following news that the government is exploring options to revive its privatization. The government is reassessing previous bids from Fairfax Financial and Emirates NBD, which did not meet the reserve price. A decision on the strategic sale is…
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