Lic Idbi Bank Deal

LIC-IDBI Bank deal: State-owned lender approves insurance behemoth's proposal to pick up additional 7% stake

Earlier this month, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.

LIC to buy 14.9% stake in IDBI Bank; move would eventually lead to acquisition of majority stake in state-owned lender

In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.

IDBI Bank gets govt nod to sell controlling stake to state-run LIC; lender could receive Rs 13,000 crore capital support

Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 percent stake in it. Currently, LIC holds 7.98 per cent stake in the debt-ridden public sector bank.

Moody's places IDBI Bank's long-term ratings under review ahead of proposed acquisition by LIC

Moody's said the review for upgrade will focus on the exact amount of fresh equity that LIC will inject into the bank and its impact on IDBI's capitalisation

LIC-IDBI Bank deal: Reserve Bank of India gives go ahead to insurer's proposal to increase stake to 51%

LIC currently owns 7.98 per cent in the bank, down from 10.82 per cent in March 2018 following an equity infusion by the government

IDBI Bank board seeks government's nod on LIC's proposal to acquire up to 51% stake in debt-ridden lender

Once the deal goes through, IDBI Bank will get much-needed capital support to revive its fortune

LIC-IDBI Bank deal: Five questions the state-run insurer should answer while betting big on a zombie bank

LIC is taking off some burden from the government that is saddled with capital-hungry zombie banks. But, what does the deal really mean for LIC?

LIC board to meet today to finalise acquisition of stake in IDBI Bank, say sources

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

LIC-IDBI Bank deal: Ownership change of debt-ridden lender unlikely to affect ratings, says ICRA

The acquisition of stake in IDBI Bank is likely to be done under the policyholders accounts of LIC and hence even a 51 percent stake in the bank will not make IDBI bank a subsidiary of LIC, says ICRA

LIC-IDBI Bank deal: Insurer to make open offer to minority shareholders of debt-ridden lender

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet