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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