Govt to soon invite bids for privatisation of IDBI Bank: DIPAM Secy

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Wednesday said the department would soon invite preliminary bids from investors for the privatisation of IDBI Bank. "It's...first of its kind transaction where through a bidding route we'll be privatising...bank," he said. The government presently holds 45.48% stake in the bank and LIC owns a 49.24% stake.