NEW DELHI: The government is considering selling at least 51% of state-backed IDBI Bank Ltd, according to people with knowledge of the matter.
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.
