IDBI BANK LTD. - Reply To Clarification Sought From IDBI Bank Ltd

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22 Sep 2021
In regard to the clarification sought, we submit as follows :<BR> The Bank had received email from DIPAM, Govt. of India on May 05, 2021 in respect of Cabinet Committee on Economic Affairs in principle approval for strategic disinvestment of Govt. of India and LIC''s stake alongwith transfer of<BR> management control in IDBI Bank. The Bank had promptly disclosed the same to the Stock Exchanges on May 05, 2021. Presently the disinvestment process is being executed by DIPAM, GOvt. of India.<BR> <BR> Further, the Bank is not in a position to confirm the aforesaid news item as the Bank has not received any information on the same so far from Govt. of India. In case any such information is received by the Bank from Government or is<BR> discussed by the Bank''s Board, the same will be appropriately disseminated to the stock exchanges in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.<BR> <BR> We hope the above clarifies the position.
View all announcements for IDBI BANK LTD.	Source: BSE India

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