- After its strategic sale, IDBI Bank will continue to function as a “Indian private sector bank,” according to the Finance Ministry.
- The government’s remaining 15% investment in the lender following privatisation, according to the ministry, will be regarded as “public shareholding.”
- It also said that a “appropriate dispensation” for the new owner to attain a minimum public shareholding over time is being considered.
Government: Following the transaction, IDBI Bank will remain a “Indian private sector bank.”
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