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IDBI Bank tanks over 3% as stake sale likely to get delayed

The government holds over 45 percent and LIC a 49 percent stake in the bank. The two have decided to sell about a 60.7 percent stake in the bank

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RBI likely to complete vetting bidders for IDBI Bank by October-end

The federal government, which owns 45.48% of IDBI Bank, and the state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender.

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IDBI Bank stake sale may be delayed, could conclude in FY25

The bidders of the bank are still undergoing fit and proper assessment, seven months after the EOIs were submitted on January 7, 2023.

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State Bank of India shares gain on stake sale in NSDL

NSDL filed its draft red herring papers with the market regulator on July 8.

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RBI begins evaluating bids for IDBI Bank, 5 bidders show interest

The government’s stake sale in the bank is crucial as it will set the course for divestment of other public sector entities.

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