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Govt to sell minority stakes in 4 banks: Report
short by Pragya Swastik / on Tuesday, 19 November, 2024
The government is considering selling minority stakes in four state-run banks, Reuters reported. Finance Ministry will likely seek Cabinet approval to dilute stakes in the Central Bank of India, Indian Overseas Bank, UCO Bank and Punjab & Sind Bank. Notably, SEBI requires listed companies to maintain a 25% public shareholding, but exempted government-owned firms from these norms till August 2026.
read more at Reuters