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LIC RECLASSIFICATION
Divestment jolt hits IDBI Bank as shares extend decline to 30% in a month. Buy, sell or hold?IDBI Bank shares have plummeted nearly 30% in a month as the government's strategic stake sale faces potential delays due to financial bids...17 Mar, 2026, 09.31 AM IST- IDBI Bank's renaming on radar ahead of divestmentPotential suitors for IDBI Bank's disinvestment face uncertainty regarding renaming the lender post-acquisition. The RBI previously rejecte...22 Jan, 2026, 01.05 AM IST
- Privatisation of banks unlikely to hurt financial inclusion drive, national interest: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman addressed concerns about bank privatisation. She stated that nationalisation in 1969 did not fully achi...04 Nov, 2025, 09.50 PM IST
- Stocks in news: Yes Bank, IndiGo, Max Healthcare, IDBI Bank, Indian HotelsStocks to Watch Today: Markets experienced a downturn, ending a six-session winning streak. Several companies are in focus, including BMW I...25 Aug, 2025, 11.23 AM IST
- IDBI Bank shares jump 2% as Sebi approves LIC reclassification as a public shareholderIDBI Bank's shares surged following SEBI's approval to reclassify LIC as a public shareholder after the government's divestment. LIC's voti...25 Aug, 2025, 09.31 AM IST
- LIC to be classified as public shareholder in IDBI BankLIC, which acquired a controlling stake in IDBI Bank in 2019, will be reclassified as a public shareholder after the bank's strategic disin...25 Aug, 2025, 05.37 AM IST
- Sebi clears LIC’s reclassification as public shareholder in IDBI Bank amid divestment planSebi has approved LIC’s reclassification as a public shareholder in IDBI Bank, subject to conditions like capping voting rights at 10% and ...24 Aug, 2025, 11.16 AM IST
- IDBI selloff picks up pace as suitors get data accessPotential buyers such as Fairfax Financial, Emirates NBD, Oaktree Capital, and Kotak Mahindra Bank have begun due diligence on IDBI Bank wi...21 Jan, 2025, 11.15 PM IST
- Government likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says"Overall, we are looking at financial bids at least before second half (October-March) of next fiscal year," PTI quoted Pandey as saying. T...11 Jan, 2023, 12.48 PM IST
- IDBI Bank stock climbs 5%. Here’s whyFurther, the government has requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise a...06 Jan, 2023, 11.49 AM IST
- Sebi allows reclassification of govt’s stake in IDBI Bank as 'public' post saleThe consent has been given on the condition that the government’s voting rights in the lender should not exceed 15% of the total voting rig...05 Jan, 2023, 06.17 PM IST
- Sumitomo Mitsui, global bank among investors making queries on IDBI stakeIDBI Bank's sale process kicked off when a preliminary information memorandum was issued by the finance ministry on October 7. The governme...29 Nov, 2022, 06.13 AM IST
- No PSU norms for IDBI Bank after stake sale, clarifies govtIn October, the government had invited expressions of interest (EoI) for a stake sale, along with the transfer of management control in IDB...28 Nov, 2022, 12.22 AM IST
- IDBI stake sale: Govt seeks easing of public holding ruleAt present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding s...07 Sep, 2022, 04.45 AM IST
- Axis Bank awaiting nod to reclassify 3 promoters as public shareholdersThe three entities held 0.03 per cent, 0.02 per cent and 0.69 per cent stake, respectively in Axis Bank as on March 31, 2021.22 May, 2021, 04.42 PM IST
- LIC makes open offer to buy 26% more in IDBI Bank for Rs 12,600 croreIDBI Bank board today also approved increasing authorised capital of the bank from Rs 8,000 crore to Rs 15,000 crore.05 Oct, 2018, 08.44 AM IST
- IDBI Bank board okays preferential allottment to LIC; stock edges higherAt 12 pm, the stock traded 0.18 per cent higher at Rs 55.60 on BSE.04 Oct, 2018, 01.19 PM IST
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