Archive · 25 Oct 2025
Kotak Mahindra Completes Due Diligence for IDBI Bank Acquisition
Kotak Mahindra Bank is looking to buy a big part of IDBI Bank from the government.
They checked IDBI Bank's financial records, like who owes them money.
Other companies, like Oaktree Capital and Fairfax Financial, are also interested.
The government wants to sell its part of IDBI Bank and hopes to pick a buyer by the year 2026.
The deal could be worth billions of dollars.
This is like a company looking to buy another company, and they are checking everything out first!
Kotak Mahindra Bank completed due diligence to acquire a stake in IDBI Bank.
The government and LIC currently own 94% of IDBI Bank.
Other potential bidders include Oaktree Capital Management and Fairfax Financial.
The government aims to finalize the winning bidder by the end of FY26.
The deal could value IDBI Bank at around $8-10 billion.
- Who
- Kotak Mahindra Bank and the Government of India
- What
- Kotak Mahindra Bank has completed due diligence to acquire a stake in IDBI Bank.
- When
- Due diligence concluded recently; Government aims to finalize bidder by the end of FY26.
- Where
- IDBI Bank
- Why
- To divest government stake in IDBI Bank.
- Lead Bidder
- Kotak Mahindra Bank
- Stake Target
- Up to 60.72% of IDBI Bank
- Current IDBI Stakeholders
- Government and LIC (94%)
- Other Bidders
- Oaktree Capital, Fairfax Financial
- Expected Deal Value
- $8-10 Billion
- Government Goal
- Finalize bidder by end of FY26