Cabinet Approves Sale of IDBI Bank to Canadian Company
The Indian government has approved the sale of its 60.72% stake in IDBI Bank to a Canadian company. This strategic disinvestment deal, valued at ₹52,878 crore, marks one of the largest foreign direct investment transactions in India. Finance Minister Nirmala Sitharaman described the approval as a significant milestone in economic reforms, following the Air India privatization.
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