#IDBIBank #LIC #Privatisation #SEBI #BankingReforms #Disinvestment #IndianEconomy #BankingSector #StrategicSale #PublicShareholder #GovtOfIndia #FinancialReforms #CapitalMarkets

#IDBIBank #LIC #Privatisation #SEBI #BankingReforms #Disinvestment #IndianEconomy #BankingSector #StrategicSale #PublicShareholder #GovtOfIndia #FinancialReforms #CapitalMarkets Mumbai: In a major development that moves India closer to the long-awaited privatisation of IDBI Bank, the Securities and Exchange Board of India (SEBI) has cleared the reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in the bank. The move marks a significant milestone in the government’s strategic sale process and signals regulatory preparedness to advance one of India’s most closely watched disinvestment transactions. Background: LIC’s Role in IDBI Bank LIC, the country’s largest life insurer and a state-owned behemoth, became the majority…