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The Economic Times
The Economic Times
Business

Govt evaluating financial bids for IDBI Bank strategic sale: Sources

IDBI Bank Emirates NBD Fairfax Financial Holdings LIC

The government is evaluating the financial bids for strategic stake sale in IDBI Bank and the process is moving at a steady pace, government sources said on Friday.

In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank, sources had earlier said.

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