Earlier this month, India invited bids for a 60.72% stake in IDBI Bank -- which is 45.48% owned by the government and 49.24% by state-owned Life Insurance Corp (LIC) -- after dragging its feet for years. SEBI, India's capital markets regulator, mandates a minimum 25% of public shareholding for all listed entities, excluding state-owned companies, within three years of listing.source https://economictimes.indiatimes.com/industry/banking/finance/banking/centre-seeks-waiver-in-key-norm-for-idbi-bank-stake-sale/articleshow/94939200.cms
No comments:
Post a Comment