Govt mulls selling at least 51% stake in IDBI Bank

A panel of ministers will make the final decision on the structure of the deal. The government and LIC will formally seek to gauge buyer interest as soon as the end of September. Shares in IDBI Bank have risen 6.3% in the past 12 months, giving the lender a market value of about 424.7 billion rupees ($5.3 billion).

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