The divestment process at IDBI Bank is progressing as potential bidders conduct financial due diligence for the acquisition of a 60.72% stake. The bank has formed a dedicated team to manage the process, which is expected to conclude by September, with final bids anticipated by December. Bidders include Kotak Mahindra Bank, Fairfax India Holdings, Sumitomo Mitsui Financial Group, and Emirates NBD. The government aims to finalize the transaction by March 2024, with the bank’s improved financials since the previous scrutiny expected to facilitate the due diligence process.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}