LIC board to meet tomorrow to decide IDBI Bank stake hike plan
LIC board will discuss timeline for the open offer, board-level appointments and future strategy for revitalising IDBI Bank
New Delhi: Life Insurance Corporation of India (LIC) board will meet Tuesday to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51%, a move that will provide the insurance behemoth entry into the banking space.
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