INSUBCONTINENT EXCLUSIVE:
At 12:00 pm, IDBI shares were trading higher by 7.25 per cent on the BSEIDBI Bank share price jumped over 7 per cent in afternoon trading
after the Cabinet Committee on Economic Affairs (CCEA), on Wednesday, gave its in-principle approval for strategic disinvestment and
transfer of management control in IDBI Bank
the centre and LIC will be decided at the time of structuring of transaction in consultation with the Reserve Bank of India.The centre and
LIC together own more than 94 per cent equity in IDBI Bank, with the centre owning 45.48 per cent and LIC owning 49.24
LIC is the promoter of IDBI Bank with management control and the cventre is the co-promoter.The BSE Sensex was trading at 48,810.92, higher
by 130.75 points or 0.27 per cent and the NSE Nifty was at 14,673.80, up 56.40 points or 0.39 per cent at the time.
