CPSE ETF new tranche aims to raise Rs 3,500 cr

CPSE ETF new tranche aims to raise Rs 3,500 cr

New Delhi, March 19 (IANS) Government’s last ditch efforts to somehow get closer to the Rs 80,000 crore disinvestment target in the current fiscal will see the fresh CPSE Exchange Traded Fund (ETF) opening for subscription on Tuesday to raise at least Rs 3,500 crore.

LIC may propose 3-5 year time for IDBI Bank stake cut

LIC may propose 3-5 year time for IDBI Bank stake cut

New Delhi, March 17 (IANS) The country’s largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai’s norm of 15 per cent stake in a listed investee firm.