Brind.
  1. IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank.

Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.

3 reports, 2 independent Updated Aug 10
Gone quiet Reached 2 outlets in its first 24 hours
Reports
3
Developments
3
Repetition
33%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.

Who's involved

What this event is mainly about
Life Insurance Corporation of IndiaIDBI BankCentre

How it developed

Newest first. Tap a step to see who reported it.
  1. A committee is currently reviewing the proposed valuation for the divestment of IDBI Bank.Sub-event
  2. Strategic sale of IDBI Bank underway with Emirates NBD as a leading bidder.1 source
  3. LIC and Centre plan to sell 60.72% stake in IDBI Bank, receiving revised bids.1 source

Keep exploring

Part of

IDBI Bank's stake is jointly held by LIC and the government, while Emirates NBD is reported as a likely bidder for a stake in the bank. All 1 developments

The entities involved

Related events

Coverage

Newest first; wire copies grouped