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BusinessUpdated 1 hr ago

IDBI Bank's ₹52,878 crore sale: What explains the ₹3,917 crore increase in winning bid? Centre clarifies

Mint30 October 2026 at 11:08 am IST
Image: Mint

The government says IDBI Bank’s ₹52,878 crore sale process did not involve a change to the reserve price. A revised second-round bidding procedure helped raise the winning offer by ₹3,917 crore. 

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