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 […]

    STRATEGIC DISINVESTMENT Context : Cabinet nods strategic disinvestment in IDBI Bank, Govt and LIC to sell stakes; Stock skyrockets 15%. Concept : The extent of respective shareholding to be divested by GoI and LIC shall be decided at the time of structuring of transaction in consultation with RBI. Government of India (GoI) and […]