The government may extend the deadline for submitting interest in the disinvestment of IDBI Bank.

The deadline for submitting an expression of interest (EoI) is December 16 . The government and the LIC decided to offload a little over 30% each in IDBI Bank .

According to finance ministry sources, the deadline for receiving an expression of interest (EoI) by interested parties for IDBI Bank is expected to be extended as the lenders transaction advisor requested an extension.The deadline for submitting an expression of interest (EoI) is December 16.In October, the government and the LIC decided to offload a little over 30% each in IDBI Bank.A preliminary information note was published by the government, which invited EoIs for an aggregate 60.72 percent stake in IDBI Bank, along with management control.

The disinvestment of the Shipping Corporation of India (SCI) and BEML transactions is set to conclude next year, according to reports in the finance ministry.We're going forward and figuring out the transaction structure, says the official.We are not following the disinvestment goal, the official said.For this year, the government has set a disinvestment target of Rs 65,000 crore.

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