Kotak Mahindra Bank’s CEO has raised concerns about IDBI Bank’s valuation as the privatization process drags on. IDBI, backed by LIC, reported quarterly earnings that missed market estimates, fueling uncertainty around both the timing and the eventual pricing of the divestment. Investors now watch whether the earnings gap affects negotiations and potential offer terms.
Sri Lanka is looking for investors to take over Mattala Rajapaksa International Airport, which has operated at a loss since opening in 2013. An earlier lease plan with an Indo-Russian venture collapsed, leaving the airport a continuing financial drain. The government now points to tourism and strategic value as it accelerates privatization after its economic crisis.
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