EOI for strategic sale of IDBI likely within 3 weeks, say govt sources
The centre is likely to come out with expression of interest for the sale of IDBI Bank within 3 weeks, government sources tell Business Today TV.
EOI for strategic sale of IDBI likely within 3 weeks, say govt sourcesThe centre is likely to come out with expression of interest for the sale of IDBI Bank within 3 weeks, government sources tell Business Today TV.
"There has been no delay, these processes involve many regulatory approvals and take time," says a finance ministry official on condition of anonymity.
Government of India and LIC together own more than 94 per cent of equity in IDBI. LIC, which currently holds management stake in IDBI has 49.24 per cent stake, while Government of India, as a co-promoter owns 48.48 per cent.
ABOUT THE AUTHOR
Karishma Asoodani
Karishma Asoodani is a multi-platform journalist with a Diploma in Digital Journalism from the City University of New York. Based in Delhi, she works as a Financial Journalist with Business Today Television, bringing nine years of experience in reporting on India’s economic policy. Her core interests lie in macroeconomics and geopolitics, and her coverage of global trade dynamics, the APAC economy, and the aviation sector has earned her industry recognition.
Outside the newsroom, Karishma is an avid runner and a strong advocate for the Sustainable Development Goals, with a particular focus on water security and conservation. She is fluent in English and Hindi, and is currently pursuing a B2 level in French.
Published on: Feb 15, 2022 2:14 PM IST