India's SEBI allows govt stake in IDBI Bank to be reclassified as public post sale
India's market regulator has allowed the government's shareholding in IDBI Bank to be reclassified as "public" after its stake sale on condition that its voting rights do not exceed 15%, the lender said on Thursday.The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender.