IDBI Bank has 120 properties; deferred tax assets worth ₹11,520 cr, says DIPAM
DIPAM clarifies in response to clarifications sought by prospective bidders; the Centre, along with LIC, plans to divest a 61% stake in IDBI Bank
DIPAM clarifies in response to clarifications sought by prospective bidders; the Centre, along with LIC, plans to divest a 61% stake in IDBI Bank
The company law tribunal in August 2023 had given its nod to the merger proposal of ZEE with Culver Max, earlier known as Sony Pictures
IDBI has filed two separate petitions against ZEEL; NCLT last month gave its nod to merger proposal of ZEE with Culver Max
The central government and LIC together plan to sell 60.72% of shares in IDBI Bank.
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
The market regulator has also directed the new buyer to comply with minimum public shareholding norms within one year of the sale.
The DIPAM on Wednesday extended the deadline to submit bids for the privatisation of IDBI Bank to January 7, 2023, from December 16, 2022.
LIC stock trades 0.29% down a day after it announced its shareholding in Power Grid has diluted from 5.303% to 3.3%.
The Centre has invited EoI to kickstart the IDBI Bank sale process, and both govt and LIC aim to divest a little over 30% stake each in the bank.
Government as well as LIC will sell a little over 30% stake each in the bank along with the transfer of management control.