AIBOA Challenges IDBI Bank Stake Sale Over Valuation and Transparency Concerns
AIBOA has questioned the planned sale of Government and LIC stakes in IDBI Bank, saying the ₹81-a-share offer understates IDBI’s large property portfolio and lacks sufficient transparency. The group warns that valuation gaps could prejudice minority shareholders and may raise securities-regulation issues as the buyer would gain 60.72% control and could later monetise over 2,000 bank properties.