These are the things to keep in mind before applying for a personal loan.
The Centre, LIC together has currently put up around 60.72 per cent stake in IDBI Bank for sale. It invited potential buyers to bid in October itself. December 16 has been fixed as the last date for submission of bids. Later it was extended till January 7.
Adani who came close to death twice.. is the reason for success..!
However, the central government and LIC together have a 94.71 percent stake in IDBI Bank. The successful bidder will have the option of opting for an open offer of 5.28 per cent of the public shareholding. However, the minimum net worth of the bidders for the purchase of stake in this government bank has been set at Rs 22,500 crore. It also said that it should be profitable for three years out of the five years that have passed. Bidders will be accepted as per these rules. Allows for filing of subsequent financial bids.
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