BusinessPhoto: JagranIndia Approves Largest FDI Deal: IDBI Bank Disinvestment
The Indian government has approved the disinvestment of IDBI Bank, marking the country's largest foreign direct investment (FDI) deal. A Canadian company will acquire a 60.72% stake in the government-owned bank. This move is part of the Modi government's 10-year plan, which has seen 13 major disinvestments including Air India. Investors reacted swiftly by selling shares following the deal announcement.
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