Why IDBI Bank shares are trading higher today
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
The DIPAM on Wednesday extended the deadline to submit bids for the privatisation of IDBI Bank to January 7, 2023, from December 16, 2022.
Government as well as LIC will sell a little over 30% stake each in the bank along with the transfer of management control.
The Life Insurance Corporation (LIC) of India and the central government are planning to sell up to 65% stake in IDBI Bank.