Kotak Mahindra Bank Clarifies: No Bid for IDBI Bank Disinvestment

• Kotak Mahindra Bank shares in focus after clarifying its stance on IDBI Bank's disinvestment process.
• The bank stated on Saturday, February 7, that it has not submitted a financial bid for IDBI Bank.
• This clarification counters earlier media reports that named Kotak Mahindra Bank as a potential bidder.
• The Central government and LIC plan to sell a combined 60.7% stake in IDBI Bank.
• Previous reports, including one by Reuters, had suggested Kotak Mahindra Bank was among the bidders.