State-Run IDBI’s disinvestment is set to be completed in October, with the process of financial bids and the restrictions of the restricted in the same month, sources speak the zee business. Previously, the government says that bank agreement is expected to expire within the current financial year.
Public Sectors Banks are expected to finish the tune funds of Rs 40,000-45 crore by qualified Institutional Institution (QIP) Rs 20,000, said sources.
They say QIP of SBI launches soon, with government permission in place.
Also, Punjab & Sind Bank, Indian Overseas Bank (IOB), Central Bank in India, and UCO Bank offers stakes by offering forces (OFS) routes.
The Department of Financial Services (DFS) also provides the Nod of Life in Social Corporation. Are part of a wider approach to the disin
The Bank of Maharashtra will also launch a QIP in the year, to meet the minimum public singing requirement, according to sources. As per the rule, at least 25 percent of a listed total part of the company must be held by public shareholders.
In one more important development, the deadline for such companies to meet the minimum public operations can be obtained from 2026 to 2027.
The IDBI government stake offloading offloading is delayed several times in the past three years. Today, the government of India and LIC combined owners of 94.71 percent of IDBI bank.
