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via thehindubusinessline.comPolitics

Centre, LIC to become public shareholders in IDBI Bank after strategic sale

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Following the strategic restructuring, the responsibility to run the bank and infuse capital whenever required would rest with the strategic buyer, he told PTI.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe restructuring shifts management and capital injection responsibility for the bank to a strategic buyer.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01According to the DIPAM Secretary, the Centre and LIC will remain shareholders.
  2. 02Running the bank and infusing capital shifts to the strategic buyer.
  3. 03The comments were made to PTI.

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