Govt invites financial bids for IDBI Bank stake sale: Report

The government has formally invited financial bids for the strategic disinvestment of IDBI Bank, NDTV Profit reported. Bidders have been given four weeks to submit offers, with the winner likely to be announced by end-March. The government and LIC plan to sell about a 60% stake in the lender, valued at around ₹72,000 crore at current market prices.