IDBI Bank stake sale: ‘Very, very remote’ chance of finding another buyer at₹52,000 crore, says DIPAM Secretary Chawla

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After weighing cancellation, accepting the existing offer and seeking revised bids, the Core Group of Secretaries on Disinvestment chose to invite improved offers for IDBI Bank to maximise the transaction value, DIPAM Secretary Arunish Chawla said.