Finance Ministry defends IDBI Bank valuation boost

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Syndicated · Original source
The Finance Ministry confirms IDBI Bank stake sale value increased by ₹3,917 crore. The Core Group of Secretaries on Disinvestment oversaw the bidding process. The valuation boost is attributed to the process, not market conditions.

https://www.business-standard.com/companies/news/idbi-bank-stake-sale-government-valuation-defends-bidding-process-deal-value-126103000338_1.html

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#disinvestment #bank #valuation #india

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