BusinessPhoto: Mint MarketsEAS Sarma Urges President to Review IDBI Bank Disinvestment
EAS Sarma, former civil servant and activist, wrote to the President of India urging reconsideration of the Centre's decision to divest its stake in IDBI Bank. Sarma highlighted that the social costs outweigh benefits and requested intervention to review disinvestment policies. IDBI Bank shares fell 2.23% to ₹84.12 on 19 October amid the ₹52,878 crore Fairfax deal. The President holds equity in 475 CPSEs worth ₹4,50,740 crore, employing over 7.8 lakh people.
Mint Markets·


