2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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34 %
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49 %
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51 %
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25 %
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Detailed explanation-1: -The government and LIC together hold 94.72 per cent stake in IDBI Bank, which will come down to 34 per cent after the strategic sale.
Detailed explanation-2: -The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender.
Detailed explanation-3: -The government owns 45.48% of IDBI Bank, and is looking to divest a 30.48% stake in the lender, alongside state-owned Life Insurance Corp of India (LIC) (LIFI. NS), which will sell a 30.24% from its holding of 49.24% in the bank.
Detailed explanation-4: -The government and LIC together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.
Detailed explanation-5: -The government and LIC hold 94.72 per cent stake together in IDBI Bank.