IDBI Bank

Reliance Infrastructure gets relief as SBI and IDBI Bank withdraw insolvency petition against Mumbai Metro One

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Anil Ambani-backed Reliance Infrastructure has received a breather after SBI and IDBI Bank withdrew insolvency petition filed in NCLT Mumbai against Mumbai Metro One Private Limited (MMOPL). Reliance Infrastructure holds 74 per cent stake in Mumbai Metro One while the balance is with Mumbai Metropolitan Regional Development Authority (MMRDA). This comes after a one-time settlement … Read more

‘Wait for IDBI Bank divestment could stretch further’

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The strategic disinvestment process for IDBI Bank could be further delayed. DIPAM (Department of Investment and Public Asset Management) Secretary Tuhin Kanta Pandey has said that it will not be possible for the process to be completed in the first half of the next fiscal. However, Pandey said the strategic disinvestment process of the Shipping … Read more

Focus to be on concluding ongoing strategic sales in FY25: DIPAM secretary

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The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey in an interview to PTI said that no … Read more