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How much upside is there to the IDBI Bank stock with Kotak Bank eyeing a possible stake?

While improved profitability and strengthened balance sheet is comforting, the real attraction for the prospective buyer will be IDBI Bank’s large deposit franchise and widely spread branch network.

May 17, 2023 / 09:47 AM IST
How much upside is there to the IDBI Bank stock with Kotak Bank eyeing a possible stake?

The disinvestment of IDBI Bank has now gathered pace after the Expression of Interest (EOI) closed in January.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights IDBI Bank privatisation is on track Names of Fairfax and Kotak Mahindra bank doing rounds as possible suitors IDBI Bank has seen an all-round improvement in FY23 Large and a quality deposit franchise is a huge draw for the potential buyer Current valuation attractive, can command premium on the deal Past M&A deals happened at higher valuation The disinvestment of IDBI Bank (CMP: Rs 53, Mcap: Rs 57,353 crore) has now gathered pace after the Expression of Interest (EOI) — the first step in the...

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