Financial bids received for IDBI Bank, will evaluate them: DIPAM

Financial bids have been received for the strategic disinvestment of IDBI Bank and they will be evaluated as per the prescribed procedure, DIPAM said. Reportedly, Kotak Mahindra Bank, investor Prem Watsa, and Emirates NBD had qualified to participate in the strategic disinvestment process. The strategic sale involves the transfer of management control along with a majority stake in the bank.