India said to weigh selling at least 51% of $5 billion IDBI Bank

Officials in the government and the state-backed Life Insurance Corp. of India, which together own about 94% of IDBI Bank’s shares, are in talks about how much of their stakes they plan to sell, the people said. Both parties are expected to retain a stake in the lender after the sale, the people said, asking not to be identified as the information is confidential.

from Banking/Finance-Industry-Economic Times https://ift.tt/oIvF6O1