Govt may extend bid submission deadline for stake sale in IDBI Bank

January 2023 could be new date following requests from transaction advisor

The government may extend until early January 2023 the deadline for submitting bids for the strategic disinvestment of IDBI bank, said an official. The last date for expression of interest (EOI) submission is December 16.

The deadline could be extended after the Department of Investment and Public Asset Management (DIPAM) received requests from the transaction advisor, said the official.

The government expects to invite financial bids for IDBI in the current financial year close to March 2023, he said. However, the