BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead

Reuters

Sep 08

BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead

** Shares of IDBI Bank IDBI.NS rise 4.7% to 93 rupees

** Dubai's Emirates NBD, Canadian billionaire Prem Watsa's Fairfax India Holdings, Kotak Mahindra Bank KTKM.NS and Oaktree Capital Management are expected to participate in the financial bidding process, MoneyControl reports

** "Emirates and Fairfax could be neck-to-neck in terms of the bidding process, and both seem equally interested and keen on IDBI Bank," a banker told MoneyControl adding that KTKM is not far behind

** Companies did not immediately respond to Reuters' request for comment

** Last month, India completed due diligence for the stake sale and plans to invite financial bids between October and December

** Indian government and LIC, which hold 45.48% and 49.24% stakes in the lender, respectively, plan to jointly sell 60.7% stake; sale first announced in 2022

** More than 12.4 shares traded, 17x more than 30-day avg

** Stock up about 22% YTD

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2565505427"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2565505427\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2565505427?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-08 15:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2565505427","market":"nz","top_or_hot":-1,"title":"BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead</title></head><body><p>** Shares of IDBI Bank <span>IDBI.NS</span> rise 4.7% to 93 rupees</p><p>** Dubai's Emirates NBD, Canadian billionaire Prem Watsa's Fairfax India Holdings, Kotak Mahindra Bank <span>KTKM.NS</span> and Oaktree Capital Management are expected to participate in the financial bidding process, MoneyControl reports</p><p>** \"Emirates and Fairfax could be neck-to-neck in terms of the bidding process, and both seem equally interested and keen on IDBI Bank,\" a banker told MoneyControl adding that KTKM is not far behind</p><p>** Companies did not immediately respond to Reuters' request for comment</p><p>** Last month, India <span>completed</span> due diligence for the stake sale and plans to invite financial bids between October and December</p><p>** <span>Indian government</span> and LIC, which hold 45.48% and 49.24% stakes in the lender, respectively, plan to jointly sell 60.7% stake; sale first announced in 2022</p><p>** More than 12.4 shares traded, 17x more than 30-day avg </p><p>** Stock up <span>about</span> 22% YTD</p><p> (Reporting by Urvi Dugar)</p><p> ((UrviManoj.Dugar@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-08 15:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead</title></head><body><p>** Shares of IDBI Bank <span>IDBI.NS</span> rise 4.7% to 93 rupees</p><p>** Dubai's Emirates NBD, Canadian billionaire Prem Watsa's Fairfax India Holdings, Kotak Mahindra Bank <span>KTKM.NS</span> and Oaktree Capital Management are expected to participate in the financial bidding process, MoneyControl reports</p><p>** \"Emirates and Fairfax could be neck-to-neck in terms of the bidding process, and both seem equally interested and keen on IDBI Bank,\" a banker told MoneyControl adding that KTKM is not far behind</p><p>** Companies did not immediately respond to Reuters' request for comment</p><p>** Last month, India <span>completed</span> due diligence for the stake sale and plans to invite financial bids between October and December</p><p>** <span>Indian government</span> and LIC, which hold 45.48% and 49.24% stakes in the lender, respectively, plan to jointly sell 60.7% stake; sale first announced in 2022</p><p>** More than 12.4 shares traded, 17x more than 30-day avg </p><p>** Stock up <span>about</span> 22% YTD</p><p> (Reporting by Urvi Dugar)</p><p> ((UrviManoj.Dugar@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250908:nL3N3UV0F9:1","article_id":"2565505427","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565505427","pubTimestamp":1757315823,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead** Shares of IDBI Bank IDBI.NS rise 4.7% to 93 rupees** Dubai's Emirates NBD, Canadian billionaire Prem Watsa's Fairfax India Holdings, Kotak Mahindra Bank KTKM.NS and Oaktree Capital Management are expected to participate in the financial bidding process, MoneyControl reports** \"Emirates and Fairfax could be neck-to-neck in terms of the bidding process, and both seem equally interested and keen on IDBI Bank,\" a banker told MoneyControl adding that KTKM is not far behind** Companies did not immediately respond to Reuters' request for comment** Last month, India completed due diligence for the stake sale and plans to invite financial bids between October and December** Indian government and LIC, which hold 45.48% and 49.24% stakes in the lender, respectively, plan to jointly sell 60.7% stake; sale first announced in 2022** More than 12.4 shares traded, 17x more than 30-day avg ** Stoc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","BN":"Brookfield","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H"},"translate_title":"BUZZ-随着出售工作接近后期阶段，印度IDBI银行股价上涨，阿联酋NBD和Fairfax处于领先地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN":0.9},"content_text":"BUZZ-India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead** Shares of IDBI Bank IDBI.NS rise 4.7% to 93 rupees** Dubai's Emirates NBD, Canadian billionaire Prem Watsa's Fairfax India Holdings, Kotak Mahindra Bank KTKM.NS and Oaktree Capital Management are expected to participate in the financial bidding process, MoneyControl reports** \"Emirates and Fairfax could be neck-to-neck in terms of the bidding process, and both seem equally interested and keen on IDBI Bank,\" a banker told MoneyControl adding that KTKM is not far behind** Companies did not immediately respond to Reuters' request for comment** Last month, India completed due diligence for the stake sale and plans to invite financial bids between October and December** Indian government and LIC, which hold 45.48% and 49.24% stakes in the lender, respectively, plan to jointly sell 60.7% stake; sale first announced in 2022** More than 12.4 shares traded, 17x more than 30-day avg ** Stock up about 22% YTD (Reporting by Urvi Dugar) ((UrviManoj.Dugar@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}