InvestorQ : How much of IDBI Bank is being divested by the government?
indhumathi Sayani made post

How much of IDBI Bank is being divested by the government?

Answer
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1 month ago
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Government plans to sell 60.72% stake in IDBI Bank and EOIs have bene invited for the same. LIC owns 49.24% stake in IDBI Bank and it will sell a total of 30.48% in IDBI. The government, with 45.48% stake in IDBI Bank, will sell 30.24%. Their combined holding post the sale would be 34%. Banks, foreign lenders, shadow banks, AIFs and offshore funds are eligible to place bids, but industrial and corporate houses are not.

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