The government is seeking bids from merchant bankers for stake dilution in select state-run banks and financial institutions, aiming to comply with the minimum public shareholding norm. The move involves considering a reduction in its stake in banks where it holds over 90%. Merchant bankers have until March 27 to submit bids, with contract terms outlined by DIPAM.
from Banking/Finance-Industry-Economic Times https://ift.tt/YITWgok
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