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IDBI BANK LTD. - 500116 - Un-Audited Financial Results For The Quarter And Nine Months Period Ended December 31, 2022 And Limited Review Report Submitted By Statutory Auditors

 In terms of Regulations 33 and 52 of the SEBI (LODR) Regulations, 2015, we advise that the Board of Directors of IDBI Bank Ltd., at their meeting held on Monday, January 23, 2023, have taken on record the Un-audited Financial Results of the Bank for the quarter and nine months period ended December 31, 2022. We enclose a statement of the results approved at the above meeting. The Board Meeting commenced at 11.30 a.m. and concluded at 1:30 p.m. Further, please find enclosed the Limited Review Report for the quarter and nine months period ended December 31, 2022 received from G. D. Apte & Co. and Varma & Varma, Statutory Auditors of IDBI Bank Ltd. Kindly acknowledge receipt and take the above on record.
23-01-2023

IDBI sale: Fairfax sought waiver on security check

 The company had said if it were to participate in the bid process, the final composition of the bidding consortium would be different, and that a security clearance on the existing firm would not remain relevant, the sources said.
21-01-2023
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IDBI BANK LTD. - 500116 - Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter And Nine Months Period Ended December 31, 2022

 IDBI BANK LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2023 ,inter alia, to consider and approve the Un-audited Financial Results of the Bank for the quarter and nine months period ended December 31, 2022 subject to a Limited Review by the Statutory Auditors. Kindly acknowledge receipt and take the above on record. Yours
16-01-2023

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.
16-01-2023

Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy

 The government is expecting to get financial bids for IDBI Bank's strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation's (LIC) stake in IDBI Bank and had put in preliminary bids, the last date of which was January 7. Overall, we are looking at financial bids at least before second half (October-March) of next fiscal year, Pandey told PTI in an interview. The Department of Investment and Public Asset Management (DIPAM), which manages government holding in state-owned enterprises, had in October invited bids for selling 30.48 per cent stake in IDBI Bank, along with 30.24 per cent stake of LIC. The government and LIC together hold 94.72 per cent stake in IDBI Bank, which will come down to 34 per cent after the strategic sale. Talking about the way forward in the strategic sale, Pandey said the work on two set of clearances...
11-01-2023
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IDBI Bank sale seen a winner with top dollar bids expected

 With govt stake to be public', post divestment, bidders ready' to offer 7-10% premium
10-01-2023

Privatization of IDBI Bank likely in FY24 first half'

 New Delhi: The government aims to complete the disinvestment process in IDBI Bank within the first half of the next fiscal year and has received bids from prospective buyers in the first such transaction in the banking sector, Tuhin Kanta Pandey, secretary of the department of investment and public asset management (Dipam), said in an interview
09-01-2023
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IDBI BANK LTD. - 500116 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 In terms of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, based on the certificates received from KFin Technologies Ltd. (RTA) which is enclosed herewith, we hereby confirm that the details of securities dematerialized/ rematerialized during the quarter ended December 31, 2022, have been furnished to all the stock exchanges where the shares of the Bank are listed. You are requested to take the above on record and acknowledge.
09-01-2023

Centre receives at least five bids for buying stake in IDBI Bank

 Shortlisted bidders would be asked for Financial bids By March
08-01-2023

Govt, LIC strategic sale in IDBI Bank to move second stage, receive multiple expression of interest

 Both government and LIC are looking to offload 60.72% together in the Mumbai-headquartered lender.
07-01-2023
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