Strategic Disinvestment

  • October 14, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Strategic Disinvestment

Subject – Economy

Context – EoI for strategic sale of IDBI by Dec: DIPAM Secretary

Concept –

  • Government of India (GoI) and LIC together own more than 94 per cent of equity of IDBI Bank (GoI 45.48 per cent, LIC 49.24 per cent).
  • LIC is currently the promoter of IDBI Bank with Management Control and GoI is the co-promoter.

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economy STRATEGIC DISINVESTMENT