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Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Topics
IDBI Bank | Disinvestment | public sector banks PSBs

Nikunj Ohri  |  New Delhi 



IDBI Bank
Dipam will decide on the strategy for offloading the stake only after getting the Cabinet nod

The Cabinet will soon consider the proposal to sell the government’s 45.5 per cent stake in IDBI Bank, paving the way for strategic divestment in the lender.

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First Published: Tue, April 13 2021. 06:10 IST

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