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4 days ago · The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corp of India , opens new tab which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was ...
3 days ago · IDBI Bank sale: The divestment of IDBI Bank progressed, with private data to be available in August. Secretary Tuhin Kanta Pandey stated that the process aims to identify appropriate buyers and finalize the strategic sale within this fiscal year. The government plans a calibrated strategy to ensure value creation for state-run firms.
4 days ago · IDBI Bank share price was Rs 104.22 as on 26 Jul, 2024, 04:07 PM IST. IDBI Bank share price was up by 2.73% based on previous share price of Rs 97.5. IDBI Bank share price trend: Last 1 Month: IDBI Bank share price moved up by 23.21%; Last 3 Months: IDBI Bank share price moved up by 17.63%; Last 12 Months: IDBI Bank share price moved up 81.41%
4 days ago · Shares in IDBI Bank rose about 5% on the news. The "fit and proper" clearance by the central bank was the key road block that had delayed the stake sale. The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corp of India which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was first announced ...
6 days ago · The IDBI Bank stake sale is part of the government’s Rs 51,000 crore overall monetisation target for 2023-2024. Shares of IDBI Bank were trading at an intraday high of over 11 per cent after Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said that the Reserve Bank of India’s (RBI’s) vetting ...
4 days ago · The privatisation of IDBI Bank is at a very advanced stage and the government will soon move to the next step of the exercise and undertake due diligence soon. “IDBI Bank transaction is at a ...
5 days ago · The government along with LIC is selling a nearly 61 per cent stake in IDBI Bank, which includes a 30.48 per cent stake of the Government of India and 30.24 per cent of LIC.
