IDBI Bank Download: SEBI approves the reclassification of LIC as a public shareholder. Check details

IDBI Bank Decestment: The Institutional Money Shooter of the Private Sector, IDBI Bank, on Saturday, August 23, 2025, announced that the regulator of the capital markets, the Securities and Exchange Board of India (Sebi), the Reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in the firm. “We have been informed by the Department of Investment and Public Asset Management, the Government of India (Dipam) that the Securities and Exchange Board of India (Sebi) approved the Reclassification of the Life Insurance Corporation of India (LIC) as a ‘public shareholder’ of the IDBI Bank, ‘ the company also announced that the status of a ‘public shareholder’ will only be subject to the condition that the company’s (LIC) voting rights in the bank are no more than 10% of the total voting rights. Defilation in the lining shooter, LIC must reduce its remaining shareholding in the IDBI bank to 15% or lower within two years of the closing date. Stock market, compared to £ 97.61 on the previous market. He rose and traded 7.55% in the last five market sessions on the Indian stock market. (M-CAP) amounted to more than £ 1.02 Lakh Crore on Friday, August 22, 2025.