Editorial. Selling strategy

IDBI Bank’s disinvestment plans have been stuttering | Photo Credit: bl-online Administrator Recent reports on the aborted strategic sale of IDBI Bank have raised questions about the structuring and pricing of the offer. The strategic sale seems to have been scrapped after bids from the two prospective buyers — Emirates NBD Bank and Fairfax India — fell short of the reserve price. An earlier attempt to privatise IDBI Bank in 2016 fell through due to high valuations demanded by the Centre. Given...