Current Affairs · Banking Sector
Regarding SEBI's regulatory conditions for the reclassification of LIC's stake in IDBI Bank for its upcoming disinvestment, consider the following statements: 1. SEBI approved LIC's reclassification from a public shareholder to a promoter shareholder. 2. The reclassification is a structural pre-condition for the strategic disinvestment of IDBI Bank. 3. Post-disinvestment, if LIC reduces its stake to 15% or below, it must relinquish board seats and maintain voting rights below 10%. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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2 and 3 only
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