Idbi bank Divestment: The process of disinvestment of IDBI Bank may soon enter the last phase. Moneycontrol has received this information quoting sources. According to the information, for its stake, Emerits NBD, owned by the Government of Dubai, Fairfax India Holdings, Kotak Mahindra Bank and Oktree Capital Management (Kotak Mahindra Bank), Fairfax India Holdings, Kotak Mahindra Bank It is going to be fighting. These four have been approved to bid, considering the central bank RBI as fit and proper. Now IDBI Bank is expected to be involved in the financial bidding process.
A strong collision between Emirates and Fairfax!
A banker involved in the disinvestment process says that Emirates and Fairfax are equally interested in IDBI Bank and can show a strong competition between them. However, according to the banker, Kotak Mahindra Bank is also not looking much behind and its preparation is in the last phase to participate in the final du diligation i.e. bidding process on IDBI Bank.
Disinvestment was announced four years ago
The disinvestment of IDBI Bank was announced in February 2021 but its process began on 7 October 2022 when DIPAM (Department of Investment and Public Asset Management) called for EOI (Experctions of Interest) for this. In January 2023, Deepam announced that it has received many EOIs. Then in September 2023, the names of four potential investors came out who crossed the RBI’s ‘Fit and Proper’ test. The buyers were then given access to the data room for du diligation.
Moneycontrol had revealed in January 2025 that KPMG, working as a consultant in the disinvestment process, is doing the final du diligation on the bank. The process ended in April and its report was reported to the four candidates who crossed the ‘Fit and Proper’ test of RBI. After this, some biders have also done their last deelence. According to the source, as soon as all the candidates will do their deliction, financial bids will be called which will be the last phase of disinvestment of IDBI Bank.
According to the source, according to the speed with which the work is moving forward, Deepam can ask for financial bids in October. In an interview given on Network 18 a few days ago, Union Finance Minister Nirmala Sitharaman had indicated that the process of disinvestment of IDBI Bank is on the track and is expected to be completed by March 2026.