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IDBI Bank share rises 8% as govt may sell 45% stake in lender

IDBI Bank share rose 8% today on report that Union Cabinet would consider a proposal to divest the government's 45.5 percent stake in the lender. The Life Insurance Corporation of India (LIC), which holds 49.2 percent in IDBI Bank, will also be consulted

India , Bombay , Maharashtra , Union-cabinet , Idbi-bank , Department-of-investment , Life-insurance-corporation-of-india , Bombay-stock-exchange , Life-insurance-corporation , Business-standard , Public-asset-management