IDBI Bank News Prem Watsa Emirates NBD Only 2 Bidders In Final Race

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IDBI Bank News: Canadian investor Prem Watsa and Emirates NBD are the two bidders remaining in fray to bid for IDBI Bank, two people in the know confirmed. The two bidders will get access to the virtual data room in the next few weeks, after which they will formulate a final bid for the bank, these people added. • • As part of the bidding strategy, Watsa is looking to create a special structure which may or may not involve his investment vehicle Fairfax Financial Holdings. This is to avoid excess taxation and an immediate merger between IDBI Bank and CSB Bank. Fairfax Financial owns 40% equity stake in CSB Bank currently. • • #idbi #bank #news

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