Sebi permits government stake in IDBI Bank to be reclassified as ‘public’ after selloff

SEBI permits government shareholding in IDBI Bank to be reclassified as public after stake sale. The Securities and Exchange Board of India has given its approval for reclassification of the government’s shareholding in the bank as ‘public’ after its stake sale. The government and state-run Life Insurance Corporation of India (LIC) will sell 60.72% stake…

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