IDBI Bank gets CCEA nod for disinvestment


IDBI Bank share price jumped over 9 percent on May 6 after the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank.

The (CCEA) on May 5 granted approval for the long-pending strategic disinvestment of IDBI Bank Ltd, an official statement said.

News Source:- Moneycontrol

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