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Informative

LIC to continue as Public Shareholder during Privatization of IDBI Bank: SEBI Gives Nod Subject to Restrictions

Update / Judgement Date

25 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingSEBI & SCRA

SEBI has given its nod for LIC to continue as a "public shareholder" during the "privatization of IDBI Bank." The move, which is a significant step towards a more transparent and less intrusive tax environment, is aimed at ensuring that the privatization process is not delayed. This is a crucial reminder to all businesses that they must be diligent in their dealings.