Seven international corporations, including four huge global consultancies, have been narrowed down as transaction consultants for the government’s stake sale in IDBI Bank.
According to a notification published by the department, Deloitte Touche Tohmatsu India, EY, KPMG, JM Financial NSE -1.04 percent, ICICI Securities NSE 0.35 percent, RBSA Advisors, and SBI Capital Markets are competing for the crucial position.
On August 10, these firms will make an online presentation in front of the Department of Investment and Public Asset Management, which is looking after the sales, according to a notice by DIPAM.
