Corrected: India gets revised bids for IDBI Bank stake sale from Fairfax, Emirates NBD, government source says
14/07/2026 05:41
CORRECTED-India gets revised bids for IDBI Bank stake sale from Fairfax, Emirates NBD, government source says Corrects paragraph 1 to drop inaccurate reference to bids by consortiums led by Fairfax Financial and Emirates NBD
July 14 (Reuters) - India has received revised financial bids from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU for the sale of a majority stake in IDBI Bank IDBI.NS and the process is likely to be completed within a month, a government source told Reuters on Tuesday.
Shares of IDBI Bank were trading 2.8% higher at 86.38 rupees as of 10:06 a.m. IST.
(Reporting by Nikunj Ohri, Writing by Kashish Tandon; Editing by Mrigank Dhaniwala)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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