Sun, Jan 08, 2023
Currently, the government and the Life Insurance Corporation (LIC) hold 94.71 per cent in the lender. The successful bidder will have to make an open offer for acquisition of 5.28 per cent of public shareholding.
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Wed, Dec 14, 2022
The government on Dec 14 has extended the deadline to submit preliminary bids for the IDBI Bank privatisation till January 7. Earlier, the last date was December 16.
Sun, Dec 11, 2022
Since foreign investment bankers would not be working due to year-end holidays, the deadline would be extended, the official said.
Sun, Oct 23, 2022
The government earlier this month invited bids for the sale of 60.72 per cent stake in IDBI Bank, which is 45.48 per cent owned by the government and 49.24 per cent by the Life Insurance Corporation of India (LIC).
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