On August 23, 2025, IDBI Bank announced that SEBI has approved the reclassification of the Life Insurance Corporation of India (LIC) as a ‘public shareholder’ in the bank. The update was shared via a regulatory filing to the BSE, following communication from the Department of Investment and Public Asset Management (DIPAM). This reclassification is contingent upon LIC’s voting rights in IDBI Bank remaining below 10% and the assurance that LIC does not exert control or influence over the bank’s operations. LIC must not have any special privileges or representation on the board.
Following LIC’s strategic divestment in IDBI Bank, it must reduce its shareholding to 15% or less within two years from the transaction’s completion. Additionally, LIC will need to apply to the stock exchanges to formalize the change in its shareholder classification.
IDBI Bank shares closed at ₹95 on Friday, down 2.67%. The stock has returned over 119% in the last five years and gained 23.54% so far in 2025. It hit a 52-week high of ₹106.34 on June 30 and a low of ₹65.89 on January 13. The bank’s market cap is ₹1.02 lakh crore.
