Bank Privatization List: Rapid changes are being made by the Ministry of Finance to improve the conditions of banks across the country. At the moment SEBI has now taken a big decision. SEBI has told that the remaining stake of the government in the bank should be treated as public shareholding.
Bank Privatization News: The Central Government is currently working fast on the privatization of banks. This month another government bank of the country will be privatised. Rapid changes are being made by the Ministry of Finance to improve the conditions of banks across the country. At the moment SEBI has now taken a big decision. SEBI has told that after privatization, the remaining stake of the government in the bank will be considered as public shareholding. SEBI has approved this proposal.
Voting rights will remain 15 percent:
According to the information given by SEBI, after privatization, it has been decided to put the stake of the central government in the public shareholding category. Along with this, the voting rights of the government will also remain only 15 percent in the bank.
Government selling stake in association with LIC:
Let us tell you that the Modi government and LIC together will sell their 60.72 percent stake in IDBI Bank. Talking about the ratio in this stake, the government’s ratio will be 30.48 percent and LIC’s stake will be 30.24 percent.
Government’s stake will remain only 15 percent:
LIC and the central government have a total stake of 94.71 percent in this bank, out of which the government has about 45 percent. Whereas, the rest is part of LIC. After this privatization decision, the government will have only 15 percent stake in the bank.
Who is involved in the shopping race?
Let us tell you that Carlyle Group, Fairfax Financial Holdings and DCB Bank are showing great interest in buying this bank. In the midst of this news, a strong rise was seen in the shares of the bank on Wednesday. According to information received from sources, all of them can bid for about 10 percent stake in IDBI Bank.
