Indian government gets bids for majority stake in IDBI bank

The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender, alongside state-owned Life Insurance Corp of India (LIC), which will sell a 30.24% stake from its holding of 49.24% in the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/fqe1ZFt