by AIP Online Bureau | Oct 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
The DIPAM last week invited EoIs from prospective bidders of IDBI Bank offering to sell 60.72 per cent stake together with LIC. The last date for putting in bids is December 16 New Delhi: In a first, the government has made it mandatory for interested buyers of IDBI...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy
“Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,” tweeted Secretary Dipam New Delhi: The government on Friday invited...
by AIP Online Bureau | Sep 22, 2022 | Indian News, Life, Policy
”With this transaction, Ageas increases its interest in the joint venture that it has operated to date together with IDBI Bank and Federal Bank to 74 per cent.” Ageas Federal Life Insurance said with the completion of the majority shareholding by Ageas, it...
by AIP Online Bureau | Sep 15, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Life
“We have been at it for quite some time. It is also a first of its kind transaction where through a bidding route we will be privatising a bank. Both government and LIC put together hold 94 per cent in IDBI Bank,” he said while addressing ‘FICCI...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Life
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. “Strategic sale is uncharted territory. There are a lot of issues to be addressed, including...
