IDBI Bank stake sale: Big development! Govt plans tax waivers for buyer
IDBI Bank stake sale: The federal finance ministry is looking to relax a tax clause, which would require the buyer of IDBI Bank to pay additional tax if the share price rises post the final bid, one of the officials said.
IDBI Bank stake sale: The government's planned tax waiver will allow a potential buyer to avoid this levy. Pic: Reuters