(FE)
The government invited bids from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake in the bank. The last date for submission of bids or Expression of Interest (EoI) is December 16. Currently, Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government holds 488.99 crore shares or 45.48 per cent stake.
