BANKING

Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corporation of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. The government, along with LIC, will decide on the quantum of stake that they will sell in IDBI Bank before seeking initial bids. The quantum of stake dilution is expected to be outlined in the EoI.

from Banking/Finance-Industry-Economic Times https://ift.tt/HvpuQLr
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