The Centre is eyeing a valuation of about Rs 60,000 crore, which is 25 per cent more than its current market value
The proposed stake sale in IDBI Bank by the government may run into a regulatory obstacle on the issue of minimum public shareholding.
The Centre and the Securities and Exchange Board of India (Sebi), the market regulator, may be at odds over a minimum public shareholding in the lender.
Sebi is concerned over the low public float in the lender and the proposed strategic disinvestment may extend the road map to achieve this, a senior regulatory official privy to the discussion told Business Standard.
The government has sought a special dispensation from Sebi with regard to the public float in IDBI Bank. However,
First Published: Oct 28 2022 | 12:16 AM IST