India: IFC, UK's CDC & TPG Capital line up for IDBI Bank stake sale

Photo: Pradeep Gaur/Mint

The International Finance Corp., one of the investors interested in buying a stake in IDBI Bank Ltd, has finished inspection of the assets and liabilities of the state-run lender, two people with direct knowledge of the matter said.

The  UK’s development finance institution CDC Group Plc and US private equity firm TPG Capital are also in talks with the government to buy a stake, these persons said.

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