IDBI Bank issues a clarification regarding its divestment process, stating that it has been making disclosures to stock exchanges as developments occur. The bank says there is no impending announcement at this time that requires separate disclosure to the exchange.
The clarification also indicates that the disinvestment is handled by DIPAM, the Department of Investment and Public Asset Management. In its statement to the bourses, IDBI Bank says it has informed them of the progress of its divestment from time to time.
While the outlet frames the report as a response to questions over whether any disclosure is pending, the core message across the coverage is the same: the bank maintains that disclosures have been provided in line with the relevant process and that no additional exchange communication is pending at present.
