9/12/2022 11:39:50 AM | Source: Reuters
India to extend deadline to submit interest for IDBI Bank to early Jan - source
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The Indian government will extend the deadline to submit expressions of interest for its stake sale in IDBI Bank to early January from Dec. 16 previously, a government source familiar with the talks told reporters on Friday.
India has invited bids for a 60.72% stake in the bank and the government said last week it would allow a consortium of foreign funds and investment firms to own more than 51% of the lender.
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