IDBI Bank stake sale: RBI vetting process in final leg, report by month-end

Quick Summary:

The government has received the expression of interest (EoI) from multiple bidders on January 2, 2023.

After the sale, the government and LIC together will have a 34 per cent residual stake in the lender.

Sources said the government is aiming to conclude the IDBI stake sale in the current financial year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Idbi bank disinvestment Kotak mahindra bank Idbi bank Idbi bank IDBI Bank Reserve bank of india IDBI Bank stake sale IDBI Bank stake sale Csb bank Idbi bank share Life insurance corp of india Idbi bank stake sale RBI India Rbi Stake sale

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Article Type: News Report

Published On: 2024-07-18 @ 20:37:43 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 21675245

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