Key Points
"Reports appearing in a section of the media indicating the possibility of deferment of IDBI Bank disinvestment are misleading, speculative and baseless..
The transaction continues to be on track as per the defined process in post-EoI stage following receipts of multiple EoIs," Secretary, Department of Investment and Public Asset Management tweeted.Agencies..
The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction is on track..
Reserve price fixation will take place after financial bids have been placed, he said.. Pandey said that while the names and the number of bidders for IDBI Bank cannot be revealed as yet, the next stage in the process will be related to giving access to virtual data room and solving queries...
At present, the government is trying to work on the privatisation of a number of central public sector enterprises, such as IDBI Bank, Shipping Corporation of India, NMDC Steel, BEML, HLL Lifecare, Container Corporation of India and Vizag Steel...
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