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Govt Defends IDBI Bank Sale Process, Says Best-Offer Round Followed Approved Procedure

NDTV Profit ·First reported
NDTV ProfitGovt Defends IDBI Bank Sale Process, Says Best-Offer Round Followed Approved Procedure
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The government clarified that the bidders conduct own valuation and submit bids confidentially and independent agencies are hired for fair valuation of the enterprises, which is further used as a measure to evaluate the reasonability of the bids submitted.

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