09 Feb 2026 | 3 Mins Read
Kotak Mahindra Bank's shares attract focus after IDBI Bank clarification
Flipitmoney
Kotak Mahindra Bank issued a clarification on February 7, stating it hadn't submitted a financial bid for IDBI Bank's disinvestment process. This contradicts previous reports naming it as a bidder. The Centre and LIC plan to sell 60.7% stake in IDBI Bank, with bids also reportedly received from Emirates NBD and Fairfax Financial.