Key Quantitative Figures & Dates
- Exchange Letter Date: September 8, 2026 (BSE letter reference: L/SURV/ONL/RV/SG/(2026-2027)/88)
- News Report Date: September 8, 2026 (appearing on https://economictimes.indiatimes.com/)
- Bank Response Date: September 9, 2026
- Digital Signature Date: September 9, 2026 at 19:44:38 +05'30'
Parties Involved
- Regulatory Authority: BSE Ltd. (Manager - Listing)
- Government Entity: Government of India (GOI)
- News Source: The Economic Times
- Mentioned Entities: Fairfax, IIFL Finance
Clarification Details
In response to specific questions from BSE:
1. Regarding negotiations: IDBI Bank clarified that the proposed Strategic Disinvestment of the Bank is being undertaken through a competitive bidding process in line with the Disinvestment guidelines of the GOI. The Bank stated it has had no role to play in the captioned IIFL Finance matter.
2. Regarding undisclosed information: The Bank confirmed it is not aware of any information leading to the referenced news report or movement in the trading volume or price of the Bank's securities. The Bank committed to promptly disclose any material information to the Stock Exchanges if and when received.
3. Regarding regulatory/legal proceedings: The Bank stated that the referenced news report does not relate to any regulatory/legal proceedings at their level.
Financial Impact
No financial impact was quantified in the disclosure. The Bank characterized the strategic disinvestment process as confidential and government-led.
Confirmation of Compliance
IDBI Bank confirmed that it has, from time to time, promptly intimated the Stock Exchanges of all events and information having a bearing on the operations and performance of the Bank, including all price-sensitive information.