Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.
7 reports, 5 independent
Updated Oct 15
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- Repetition
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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
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 aboutHow it developed
Newest first. Tap a step to see who reported it.The government completed the divestment of 60.72% of IDBI Bank.1 source
LIC and GOI executed the planned divestment of stakes in IDBI Bank.1 source
Fairfax subsidiary pays stake in IDBI Bank as LIC is required to cut its holding.1 source
- A committee is currently reviewing the proposed valuation for the divestment of IDBI Bank.Sub-event
Strategic sale of IDBI Bank underway with Emirates NBD as a leading bidder.1 source
LIC and Centre plan to sell 60.72% stake in IDBI Bank, receiving revised bids.1 source
Keep exploring
The entities involved
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
Nothing else this week.
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IDBI Bank
Indian private sector bank
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Centre
political party in Croatia