Central Govt set to relinquish Mgt control of IDBI
The Central Government has conveyed its no objection to reduction in Shareholding in IDBI below 50%, relinquishment of management control by GoI and acquisition of controlling stake by Life Insurance Corporation of India (LIC) as Promoter through Preferential Issue/open offer of equity, subjec
The Central Government has conveyed its no objection to reduction in Shareholding in IDBI below 50%, relinquishment of management control by GoI and acquisition of controlling stake by Life Insurance Corporation of India (LIC) as Promoter through Preferential Issue/open offer of equity, subject to requisite Regulatory approval and compliance with Laws.
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