Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

Advertisement

Government to invite bids for privatising IDBI Bank

New Delhi, September 14 DIPAM Secretary Tuhin Kanta Pandey on Wednesday said the department is working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank. The Cabinet gave in-principle...

PTI

Updated At : 02:27 PM Sep 15, 2022 IST

featured-img

Advertisement

New Delhi, September 14

DIPAM Secretary Tuhin Kanta Pandey on Wednesday said the department is working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank.

The Cabinet gave in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021.

Advertisement

Currently, the government holds 45.48% in the bank, and the promoter LIC owns 49.24% stake.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Copyright © The Tribune Trust, 2024

Designed and developed by : SORTD