New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...
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life insurance corporation of india (lic)
private sector banks
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strategic sale
New Delhi, February 12 A parliamentary panel on Thursday emphasized the need to implement the new Public Sector Enterprise (PSE) Policy without delay to achieve the intended objectives of fiscal prudence.The new PSE Policy for Atmanirbhar Bharat envisages that loss-making public sector...
New Delhi, February 11 The government's sale of shares in BHEL was oversubscribed by more than twice the amount on Wednesday, with institutional investors placing bids worth over ₹5,650 crore on the first day of the sale.The government has decided to exercise the green shoe option in the Offer...