SIDBI share price brought down to Rs 48 per share

SIDBI share price brought down to Rs 48 per shareNOV 6: Earlier, two months ago, SBI Caps had fixed the share prices for SIDBI divestment ...

NOV 6: Earlier, two months ago, SBI Caps had fixed the share prices for SIDBI divestment at Rs 50 per share. This price did not receive good response from the other banks and FIs, who are supposed to pick up the 51 per cent equity stake of IDBI. As a result, both IDBI and SBI Caps decided to bring down the share price of SIDBI. SBI Caps is the lead manager of SIDBI disinvestment.

The disinvestment of IDBI in SIDBI is expected to bring in around Rs 800 crore to Rs 900 crore for IDBI. According to sources in IDBI, the FI is yet to earmark the amount which will be realised out the sale. This will come in as capital gain and will spruce up the balance sheet of the institution in the short term, sources added.

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India7 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog