https://www.taxtmi.com/news?id=24005 Cabinet approval authorises strategic disinvestment in IDBI Bank with transfer of management control, triggering reduction of promoter shareholding to be structured during transaction design with banking regulators; LIC has resolved to participate in stake reduction and relinquish management control, considering price, market conditions, statutory obligations and policy holder interests, while the strategic buyer is expected to bring capital, technology and managerial practices and proceeds from Government equity will be used for developmental programmes. en-us Wed, 05 May 2021 17:36:14 +0530 Wed, 05 May 2021 17:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24005 Cabinet approval authorises strategic disinvestment in IDBI Bank with transfer of management control, triggering reduction of promoter shareholding to be structured during transaction design with banking regulators; LIC has resolved to participate in stake reduction and relinquish management control, considering price, market conditions, statutory obligations and policy holder interests, while the strategic buyer is expected to bring capital, technology and managerial practices and proceeds from Government equity will be used for developmental programmes. News - Wed, 05 May 2021 17:36:14 +0530 https://www.taxtmi.com/news?id=24005