Current Affairs · Corporate Regulation
In August 2025, SEBI approved the reclassification of LIC's stake in IDBI Bank. Consider the following statements: 1. SEBI approved LIC's request to be reclassified from 'promoter' to 'public' shareholder in IDBI Bank. 2. As per SEBI's conditions, LIC's voting rights must not exceed 20% and it can continue to have Board representation till its stake falls below 15%. 3. The reclassification is a necessary step for the privatization of IDBI Bank, where LIC held 49.24% and the Government of India held 45.48%. Which of the following statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only 2
- 2Both 1 and 3✓
- 3Only 3
- 4Both 1 and 2
Correct answer
Both 1 and 3
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Corporate Regulation MCQs →Want more practice questions on Corporate Regulation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Corporate Regulation