The government is holding roadshows for IDBI Bank privatisation and will come out with Expression of Interest (EoI) after assessing investor interest, Minister of State for Finance Bhagwat Karad said on March 21.
The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank. The government and the LIC together own more than 94% equity of IDBI Bank. However, the exact quantum of stake dilution is yet to be decided.
