Sebi clears LIC’s reclassification as public shareholder in IDBI Bank amid divestment plan

Sebi has approved LIC’s reclassification as a public shareholder in IDBI Bank, subject to conditions like capping voting rights at 10% and reducing its stake to 15% within two years. The move follows the strategic disinvestment plan, with IDBI reporting 17% YoY net profit growth in Q1 FY26.

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