InvestorQ : Is the government going ahead with the IDBI Bank stake sale?
Rutuja Nigam made post

Is the government going ahead with the IDBI Bank stake sale?

Answer
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6 months ago
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The government started off its process of hiving stake in IDBI Bank with the final decision to be taken in consultation with RBI and LIC. Now, LIC is the largest shareholder of IDBI Bank. The stake sale will entail a minimum sale of 26%, which is essential to ensure shift in management control. However, it could go all the way to as high as the entire GOI stake of 45.5%. Currently, IDBI Bank stake sale is a key part of divestment plan of FY22.

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