SMBC Bank, Oaktree submit EoIs for IDBI's strategic stake sale

The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.

from Banking/Finance-Industry-Economic Times https://ift.tt/nFhOlxt