Idbi Bank Stake Sale

Idbi Bank Stake Sale News

LIC board gives nod to acquisition of up to 5% stake in IDBI Bank; lender will get capital support of around Rs 13,000 cr
Business

LIC board gives nod to acquisition of up to 5% stake in IDBI Bank; lender will get capital support of around Rs 13,000 cr

Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi.

Insurance regulator IRDA permits LIC to pick up to 51 percent stake in debt-ridden IDBI Bank
Business

Insurance regulator IRDA permits LIC to pick up to 51 percent stake in debt-ridden IDBI Bank

LIC has been looking to enter the banking space by acquiring a stake in IDBI Bank as the deal is expected to provide business synergies