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NewsIDBI Bank stake sale

IDBI Bank stake sale News

14 Dec 2022

Big news on Bank privatisation: Finance Ministry sets January 7 deadline

The government and LIC together are looking to sell 60.72 per cent of IDBI Bank and had invited bids from potential buyers in October. The last date for submitting an Expression of Interest (EoI) or preliminary bids was December 16.

31 Aug 2022

Government to sell stake in THIS big bank! Know the complete planning

The Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021.

Competition Commission

28 Nov 2018

Competition Commission approves LIC's majority stake buy in IDBI Bank

The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet.

Employee unions

08 Apr 2016

IDBI stake sale: Govt to consult all stakeholders

As the employee unions oppose stake sale in IDBI Bank, the Government on Friday said it is consulting all stakeholders as part of "transformation" of the state-owned lender.

02 Oct 2015

Govt exploring options to dilute stake in IDBI Bank

Various options are being considered, including strategic sale and offer for sale (OFS), for dilution of the government stake in IDBI Bank, but these are at a preliminary stage, sources said.

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