India May Seek Bids For $7 Billion IDBI Bank Stake This Month

India is poised to seek bids for its $7.1 billion majority stake in IDBI Bank Ltd., a key step in its long-running effort to privatize the previously-distressed lender and accelerate...

By Siddhi Nayak, Siddhartha Singh, Saikat Das · Bloomberg Markets

India is poised to seek bids for its $7.1 billion majority stake in IDBI Bank Ltd., a key step in its long-running effort to privatize the previously-distressed lender and accelerate a divestment push.