LIC trims 2% stake in Power Grid for ₹3,079 cr; stock tumbles
LIC stock trades 0.29% down a day after it announced its shareholding in Power Grid has diluted from 5.303% to 3.3%.
idbi bank
October 2022
September 2022
August 2022
IDBI Bank stock zooms 11%; here’s why
The Centre has invited EoI to kickstart the IDBI Bank sale process, and both govt and LIC aim to divest a little over 30% stake each in the bank.
IDBI Bank strategic sale process begins; Centre, LIC to offload over 60% stake
Government as well as LIC will sell a little over 30% stake each in the bank along with the transfer of management control.
Halfway through fiscal, is privatisation losing way?
Poor due diligence and planning led to the calling-off of privatisation at BPCL, CEL, Pawan Hans
Sensex, Nifty to fall as Fed hikes rate; RIL, Wipro, IDBI Bank, PNB, SpiceJet shares eyed
The Sensex and Nifty are poised to open sharply lower on Thursday, in line with global equities as the U.S. Fed continued its hawkish policy stance to fight inflation.
IDBI Bank to be privatised soon: DIPAM Secy
Tuhin Kanta Pandey says the Centre is preparing an expression of interest, following which preliminary bids will be invited from investors.
IDBI Bank share edges lower on stake sale report
The Life Insurance Corporation (LIC) of India and the central government are planning to sell up to 65% stake in IDBI Bank.
Sensex, Nifty to fall; IndiGo, IDBI Bank, Wipro, HDFC Bank shares eyed
The Sensex and Nifty are poised to see a gap-down opening on Wednesday, following weak cues from global peers and negative trends on SGX Nifty futures.
IDBI Bank share rises 9% on report of stake sale by govt
Govt holds a 45.48% stake in IDBI Bank, while 49.24% is owned by LIC, accounting for about 94% shareholding in the bank. Both parties could sell a partial stake
Big bang privatisation of PSBs may do more harm than good: RBI
An important aspect that is often ignored by researchers proposing privatisation is the role played by PSBs in financial inclusion, says RBI.
