![Government, LIC to sell 60.72% stake in IDBI Bank](https://www.gkseries.com/blog/wp-content/uploads/2022/10/Government-LIC-to-sell-60.72-stake-in-IDBI-Bank.jpg)
Government, LIC to sell 60.72% stake in IDBI Bank: The government and LIC will together divest a 60.72% stake in the IDBI Bank. The Centre will divest a 30.48% stake while LIC will offload 30.24%.
October 2022 Current Affairs Quiz
For this, the Department of Investment and Public Asset Management (DIPAM) has invited expressions of interest (EoIs) from potential bidders.
The potential investor should have a minimum net worth of ₹22,500 crore, must report net profit in three out of the past five years, will be eligible for bidding.