IDBI Bank Privatisation: Centre Defends ₹52,878 Crore Stake Sale, Says Reserve Price Unchanged In Second Bidding Round
The Centre has defended the valuation process for the ₹52,878 crore sale of a 60.72% stake in IDBI Bank, maintaining that the reserve price remained unchanged during the second round of bidding. In a clarification, the Finance Ministry said the revised bidding procedure helped secure a ₹3,917 crore increase in the discovered bid price. The statement comes amid scrutiny of the bank's privatisation…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
