HomeBusinessCenter requests an extension from SEBI for the sale of IDBI Bank...

Center requests an extension from SEBI for the sale of IDBI Bank shares.

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By lapaasindia
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  • The Centre has asked SEBI for a longer deadline in order to comply with the 25% minimum public ownership (MPS) requirement for IDBI Bank following privatisation.
  • The minimum public shareholding requirement will be satisfied automatically if SEBI permits both the government and Life Insurance Corporation (LIC) to be categorised as public shareholders, the report continued.

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