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Govt, LIC consider selling 51% stake of IDBI Bank: Reports
short by Srishty Choudhury / on 24 Aug 2022,Wednesday
The central government and the Life Insurance Corporation (LIC), who together own about 94% of IDBI Bank's shares, are considering selling at least 51% of the bank's stake, according to reports. At the existing market capitalisation, 51% stake in IDBI Bank amounts to ₹22,017 crore. The government is also likely to keep some shares of the bank after the sale.
short by Srishty Choudhury / 04:40 pm on 24 Aug
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