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IDBI Bank-CSB Bank potential merger: What does it hold for shareholders?

IDBI Bank’s ownership can be a shot in arm for Fairfax’s banking ambitions as the former is ten times the size of CSB Bank in terms of asset base

September 01, 2022 / 03:54 PM IST
IDBI Bank-CSB Bank potential merger: What does it hold for shareholders?

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

The disinvestment drive for IDBI Bank (CMP: Rs 45, Mcap: Rs 47,956 crore) has gathered pace/traction in recent months. As per media reports, the government has reached out to global buyout funds, such as TPG, Carlyle, and Fairfax, to gauge investor interest. The Government of India, along with LIC, holds 94.7 percent stake in the bank. Both — the government and LIC — intend to sell all or part of their stakes in the bank as well as hand over...

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