This government bank is to be sold, LIC owns big stake in it, know who all are in the race to buy itThe government’s increased stake over the years was a result of necessary capital infusions to mitigate significant debt-related lossesA looming question over the financial world: who will take control of IDBI Bank? IDBI Bank, with the government holding a 45.5% stake and LIC owning more than 49%, has long been on the privatisation list. In a recent interview, Pandey indicated that the strategic sale of IDBI Bank is on track to conclude this year. Once cleared, these bidders will gain access to exclusive IDBI Bank information in a virtual data room to conduct due diligence. The suspense continues as stakeholders and the public await the final decision that will shape the future of IDBI Bank.

Source: dna August 01, 2024 20:38 UTC