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CCEA has given its in-principle approval for strategic disinvestment along with the transfer of management control in IDBI Bank Ltd. LIC own how much per cent of the equity of IDBI Bank?

CCEA has given its in-principle approval for strategic disinvestment along with the transfer of management control in IDBI Bank Ltd. LIC own how much per cent of the equity of IDBI Bank? Correct Answer 49.24

The correct answer is 49.24%.

  • The Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment along with the transfer of management control in IDBI Bank Ltd.
  • Government of India (GoI) and LIC together own more than 94% of equity of IDBI Bank (GoI 45.48%, LIC 49.24%).
  • LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter.

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