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Moneycontrol














The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre’s entire stake, which is currently at 45.5 percent.

Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors



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