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IDBI Bank Shares Jump Over 3% As Govt Receives Revised Bids For Stake Sale
in5points
IDBI Bank shares rose over 3% after news of revised bids for the government's stake sale.
Fairfax Holdings submitted a revised bid closer to the government's reserve price.
The government aims to raise around Rs 50,000 crore from the strategic disinvestment of IDBI Bank.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani