{"id":3016,"date":"2026-02-07T16:25:32","date_gmt":"2026-02-07T08:25:32","guid":{"rendered":"http:\/\/longzhuplatform.com\/?p=3016"},"modified":"2026-02-07T16:25:32","modified_gmt":"2026-02-07T08:25:32","slug":"idbi-bank-stake-sale-kotak-mahindra-bank-says-has-not-submitted-a-financial-bid","status":"publish","type":"post","link":"http:\/\/longzhuplatform.com\/?p=3016","title":{"rendered":"IDBI Bank stake sale: Kotak Mahindra Bank says \u2018has not submitted a financial bid\u2019"},"content":{"rendered":"<p><\/p> <div> <p>Kotak Mahindra Bank has clarified its position on its involvement in the IDBI Bank disinvestment process. Following reports that the lender was a contender, the bank issued a formal statement to the exchanges on Saturday, February 7.<\/p> <p>In an exchange filing to NSE, the bank clarified regarding media reports that it \u201chas not submitted a financial bid as part of disinvestment process relating to IDBI Bank Ltd.\u201d<\/p> <div class=\"related_article\"> <h4 class=\"ra_heading\">Related Articles<\/h4> <div class=\"ra_links\"> <ul> <li>IDBI Bank stake sale: Financial bids received; evaluation underway, says FinMin<\/li> <li>Q3 results: HAL, Titan, M&amp;M, HUL, ONGC, Lenskart to post earnings next week; check dates<\/li> <li>BDL, Mazagon Dock, MRF, Hindustan Copper, RVNL, others to turn ex-dividend next week<\/li> <\/ul> <\/div> <\/div> <p>In its filing, Kotak Mahindra Bank noted that it observed material price movement in the Bank&#8217;s stock on February 6, 2026 and issued this update to comply with SEBI listing regulations.<\/p> <p>On Friday, shares of Kotak Mahindra Bank rose 3.35% to close at Rs 422.35 apiece on the BSE. The uptrend was also over the counter of the divestment player, with IDBI Bank shares settling 3.86% higher at Rs 106.92 per share.<\/p> <p>Earlier, the Secretary of the Department of Investment and Public Asset Management (DIPAM) confirmed the progress on X. &#8220;Financial Bids have been received for the Strategic Disinvestment of the IDBI Bank. They will be evaluated as per the prescribed procedure,&#8221; DIPAM.<\/p> <\/div> <p><i>Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p> <p>idbi bank, idbi bank stake sale, kotak mahindra bank, kotak mahindra bank share price, disinvestment process, financial bid, idbi bank share, kotak bank clarification, market news#IDBI #Bank #stake #sale #Kotak #Mahindra #Bank #submitted #financial #bid1770452731<\/p> ","protected":false},"excerpt":{"rendered":"<p>Kotak Mahindra Bank has clarified its position on its involvement in the IDBI Bank disinvestment process. Following reports that the lender was a contender, the bank issued a formal statement to the exchanges on Saturday, February 7. In an exchange filing to NSE, the bank clarified regarding media reports that it \u201chas not submitted a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1525,1974,9712,2206,9713,9529,9709,9714,9710,372,9715,6174,9711,806,4373,9087,2646,9716],"class_list":["post-3016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-bank","tag-bid","tag-disinvestment-process","tag-financial","tag-financial-bid","tag-idbi","tag-idbi-bank","tag-idbi-bank-share","tag-idbi-bank-stake-sale","tag-kotak","tag-kotak-bank-clarification","tag-kotak-mahindra-bank","tag-kotak-mahindra-bank-share-price","tag-mahindra","tag-market-news","tag-sale","tag-stake","tag-submitted"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/3016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3016"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/3016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/3017"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}