Govt seeks regulator's nod to sell IDBI Bank stake to LIC

The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.......

Divestment target for FY25 may be lower with no new lofty plan

The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales — except some ongoing strategic ones, including IDBI Bank,......

Divestment: Fearing backlash, govt opts for minority stake sales over outright privatisation

With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales......

PSU Disinvestment: Modi Missing The Bus

'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.' Illustration: Uttam Ghosh/Rediff.com   In......