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SEBI Clears LIC Reclassification in IDBI Bank Ahead of Strategic Sale
UNIQUE TIMES
|September - October 2025
India’s markets regulator SEBI has approved Life Insurance Corporation’s (LIC) request to be reclassified as a public shareholder in IDBI Bank, paving the way for the lender’s strategic sale.
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The government, holding 45.48%, and LIC, with 49.24%, together plan to divest 60.7% of their stake, with financial bids expected between October and December after due diligence was completed earlier this month. LIC, which b
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