Private sector lender Kotak Mahindra Bank on Saturday clarified that it has not filed financial bid to acquire IDBI Bank, according to an exchange filing.
“We observed material price movement in the Bank’s scrip on February 6, 2026 and, therefore, in compliance with our obligations under Regulation 30(11) of the SEBI Listing Regulations, we would like to clarify that the Bank has not submitted a financial bid as part of disinvestment process relating to IDBI Bank Limited,” the notice said. The bank’s shares ended trading 3 per cent higher at ₹422 apiece on the NSE Friday.
On Friday, various media reports had said that the Centre has received financial bids to acquire IDBI Bank from Prem-Watsa-backed Fairfax, Emirates NBD and Kotak.
Published on February 7, 2026
