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    HomeNewsBusinessMoneycontrol Research

    Should investors bet on the disinvestment of IDBI Bank?

    A change of promoters can inject new life into the bank and drive the stock price up

    Neha Dave
    March 19, 2024 / 11:54 AM IST
    Should investors bet on the disinvestment of IDBI Bank?

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    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 in news again

    • Fairfax is back in the fray with a sweetened deal offer

    • IDBI Bank has seen an all-round improvement in the current fiscal (9M FY24)

    • Large and quality deposit franchise is a huge draw for potential buyers

    • IDBI Bank is currently trading at a premium valuation of 2.2 times trailing book value

    • Past M&A deal (Kotak -ING) happened at similar valuation

    The news of the disinvestment of IDBI Bank (CMP: Rs 83; Mcap: Rs 88,869

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