IDBI Bank: A dilemma of 'parallel sales' in the Indian financial sector

Topics IDBI Bank | Stake sale | LIC

In another era, the strategic sale of IDBI Bank would have attracted a lot of interest for the treasure trove of information it contains on the Indian financial sector. Not anymore. Now, there will be a different sort of interest in this sale — specifically, the game the strategic investor may have to play in the market to win this trophy. Here’s why. In January 2019, LIC, India’s largest insurance company, had bought a majority 51 per cent stake in the bank by buying an additional 44 per cent stake to its existing holding of seven per cent. At present the Government of.....

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