IDBI Bank divestment, Aug. 23 -- The private sector institutional lender, IDBI Bank, on Saturday, 23 August 2025, disclosed that the capital markets regulator, the Securities and Exchange Board of India (Sebi), has approved the reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in the firm.

"We have been informed by Department of Investment and Public Asset Management, Government of India (DIPAM) that the Securities and Exchange Board of India (Sebi) has approved the reclassification of the Life Insurance Corporation of India (LIC) as a 'public shareholder' of the IDBI Bank," the lender informed BSE through the filing.

The company also disclosed that the status of a 'public shareholder' will only be su...