IDBI Bank share price jumps 5% on reports of stake sale to LIC
The government is considering to divest 40-43 per cent stake in IDBI Bank to Life Insurance Corporation of India, potentially yielding it Rs 10,000-11,000 crore, news agency NewsRise reported, citing an unnamed Finance Ministry official.
The government holds about 81 per cent stake in IDBI Bank. Image source: PTI