{"id":85401,"date":"2025-12-08T00:00:00","date_gmt":"2025-12-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/enbd-to-bid-for-usd-7-1-bn-stake-sale-of-state-owned-idbi-bank\/"},"modified":"2025-12-08T00:00:00","modified_gmt":"2025-12-08T00:00:00","slug":"enbd-to-bid-for-usd-7-1-bn-stake-sale-of-state-owned-idbi-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/08\/enbd-to-bid-for-usd-7-1-bn-stake-sale-of-state-owned-idbi-bank\/","title":{"rendered":"ENBD to bid for USD 7.1 bn stake sale of state-owned IDBI bank"},"content":{"rendered":"

ENBD eyeing another bank acquisition in India?<\/strong> India is preparing to invite bids as early as this month for an INR 595 bn (USD 7.1 bn) majority stake sale in Mumbai-based and state-owned IDBI Bank<\/a>, Bloomberg<\/a> reports. Emirates NBD<\/a> has received \u201cfit-and-proper clearance\u201d from the central bank for its bid. Mumbai-based Kotak Mahindra Bank<\/a> and Toronto\u2019s Fairfax Financial Holdings<\/a> are also bidding.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The 60.72% stake<\/strong> \u2014 30.48% held by the government and 30.24% by state-owned Life<\/a>Insurance Corporation of India<\/a> (LIC) \u2014 includes management control of the bank. Talks with the three bidders are in advanced stage and the formal bidding process could open before the end of the year, Bloomberg added.<\/p>\n

Timeline: <\/strong>The government aims to finalize a strategic buyer by March 2026, although delays linked to clearance processes could shift timelines. The shortlisted bidders are currently conducting due diligence.<\/p>\n

Why it matters: <\/strong>If completed, the stake sale would mark one of India\u2019s largest privatizations in the banking sector in decades. Bloomberg seems to think Kotak Mahindra Bank is the stronger contender but is unlikely to proceed if valuation expectations rise significantly.<\/p>\n

Our take:<\/strong> Emirates NBD is continuing to evaluate avenues in Indian banking following its announcement that it would seek a majority stake<\/a> in RBL Bank. ENBD is looking for a strategic foothold in India's capital market as the country\u2019s credit needs are likely to grow exponentially in the coming years.<\/p>\n

Other Gulf investors are keen for a piece of India's financial sector<\/strong>. <\/strong>Earlier this year, Abu Dhabi-based International Holding Company (IHC) picked up a controlling stake<\/a> in Sammaan Capital for USD 1 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

Emirates NBD, Kotak Mahindra Bank, and Fairfax Financial have received initial clearance and are conducting due diligence<\/p>\n","protected":false},"author":1,"featured_media":85402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2456],"tags":[2402,2504,2704,2438,2455,2517,2675],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-india","tag-gcc","tag-idbi-bank","tag-investment","tag-investment-watch","tag-ma-investment","tag-privatisation","wpautop","entry"],"acf":{"mongo_id":"f3fd8a28-7c91-41ff-b8d4-e57c0be4e596","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/405.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ENBD to bid for USD 7.1 bn stake sale of state-owned IDBI bank","related_issue":[85397],"teaser":"Emirates NBD, Kotak Mahindra Bank, and Fairfax Financial have received initial clearance and are conducting due diligence","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.90701b6a-c862-4cd0-8881-16c7c4574457.mp3"},"yoast_head":"\nENBD to bid for USD 7.1 bn stake sale of state-owned IDBI bank - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/08\/enbd-to-bid-for-usd-7-1-bn-stake-sale-of-state-owned-idbi-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ENBD to bid for USD 7.1 bn stake sale of state-owned IDBI bank\" \/>\n<meta property=\"og:description\" content=\"Emirates NBD, Kotak 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