Govt, LIC move to sell 61% stake in IDBI Bank

The government and Life Insurance Corporation of India on Friday finally moved to sell nearly 61% stake in IDBI Bank, along with management control, seeing off the process that has been delayed by several months. Given the complexities, the department of investment and public asset management, which is driving the process, has proposed a two-stage step.

from Times of India https://ift.tt/wCyEzKb