The Indian Express
The government on Tuesday cancelled the bid process for the appointment of an asset valuer for strategic sale-bound IDBI Bank on low bidder interest.
A fresh Request For Proposal (RFP) would be invited soon after a review of some of the bid criteria to enable better interest from bidders.
“It has been decided with the approval of the competent authority to cancel the present RFP and to issue a fresh RFP for selection of an asset valuer for strategic disinvestment of IDBI Bank Ltd,” DIPAM said in a corrigendum.
“We had only a single bid. A fresh RFP will be issued soon after we review some of the criteria to enable better interest from bidders,” a government official said.
