IDBI Bank sale: Deadline for transaction, legal advisors’ bids extended till July 22

Central Government and LIC together own more than 94 per cent equity of IDBI Bank

from Business Line - Money & Banking https://ift.tt/3yI2RCw

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Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22

The Department of Investment and Public Asset Management (DIPAM) had on June 22 invited bids from merchant bankers and law firms for managing and giving legal advice for the sale process. The last date to put in bids was July 13.

from Banking/Finance-Industry-Economic Times https://ift.tt/3r03tke

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Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance

Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yM5e7q

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Equitas seeks to merge holding company with small finance bank

A promoter of small finance bank can exit or to cease to be a promoter after the mandatory initial lock-in period of five years.

from Banking & Finance – The Financial Express https://ift.tt/3hUXsBo

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OTR of credit facilities availed by Asian Hotels (North) gets approval

BoM-led consortium of banks has collectively sanctioned ₹717.61 crore, as per the hotel’s regulatory filing

from Business Line - Money & Banking https://ift.tt/3hUvzJt

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