LIC gets board nod to raise its stake in IDBI Bank to 51%2 min read . Updated: 16 Jul 2018, 10:57 PM IST
LIC currently holds around 7.5% stake in IDBI Bank, and will acquire the remaining stake from the government, said Subhash Chandra Garg
New Delhi: The board of Life Insurance Corporation of India (LIC) has approved a proposal for the state-owned company to hold a 51% stake in IDBI Bank, department of economic affairs secretary Subhash Chandra Garg said on Monday.
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