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There has been no impact on the process of IDBI Bank Disinvestment. It has proceeded according to the due process. The news of postponing the process of disinvestment of the bank was denied by the government on Friday.
Deepam secretary did this tweet
A fresh tweet in this regard was made from the official Twitter handle of the Secretary, Department of Disinvestment and Public Asset Management (DIPAM). It was said in the tweet, there are reports in a section of the media about the postponement of the process of disinvestment of IDBI Bank, which are misleading and baseless. The deal is progressing as per the due process and several EOIs have been received for this.
Reports appearing in a section of the media indicating the possibility of deferment of IDBI Bank disinvestment are misleading, speculative and baseless. The transaction continues to be on track as per the defined process in post-EoI stage following receipts of multiple EoIs. pic.twitter.com/HL8a1Xc3H5
— Secretary, DIPAM (@SecyDIPAM) Mar 17, 2023
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