Four potential investors, including Fairfax Financial Holdings and Blackstone Group, have shown initial interest in acquiring a controlling stake in IDBI Bank as the government and LIC seek to divest their holdings.
At least four entities have expressed early interest in purchasing a controlling stake in IDBI Bank Ltd, according to sources with direct knowledge of the matter. These include Prem Watsa's Fairfax Financial Holdings, The Blackstone Group, Avenue Capital Group, and InCred-KKR.
These bidders have reportedly expressed interest in buying the government's 45.48% stake. The divestment is part of the government's broader privatization plan, and the stake sale is expected to generate significant interest from both domestic and international investors. The transaction is still in its early stages, and the structure of the deal and the level of interest could change as the process moves forward.
