Sebi permits govt stake in IDBI Bank to be classified as 'public' post divestment
After completion of the strategic disinvestment, IDBI Bank has to make an application to the Stock Exchanges for reclassification of Government of India holding under the public category, it said in a regulatory filing.
The government and Life Insurance Corporation (LIC) hold 94.71 per cent stake in IDBI Bank. {Pic: Reuters}