E-PaperLic Idbi Deal News
LIC makes open offer to acquire 26% stake in IDBI Bank
The open offer has been made at a price of ₹61.73 a share, which is in connection with LIC's acquisition of 51 per cent controlling stake in IDBI Bank
1 min read19 Dec 2018Sebi will decide on LIC’s open offer for IDBI Bank, says S.C. Garg
Sebi will take a final call on LIC making an open offer of IDBI Bank shares to minority shareholders
1 min read4 Sep 2018LIC IDBI Bank deal gets government approval
LIC's IDBI Bank acquisition would be through preferential issue/open offer of equity, subject to regulatory approval and compliance with laws
1 min read8 Aug 2018LIC-IDBI deal ends need for IDBI Federal Life stake sale
IDBI Federal Life Insurance was up for sale because IDBI Bank needed the capital, and nowafter the acquisition by LICit doesn't
2 min read3 Aug 2018LIC-IDBI Bank deal receives cabinet approval
The cabinet approval paves the way for LIC to approach RBI and Irdai for the regulators' approval for the IDBI Bank acquisition
2 min read1 Aug 2018LIC board to meet today to finalize IDBI Bank deal
The LIC-IDBI Bank deal will trigger an open offer to protect the interest of minority shareholders in the bank
1 min read16 Jul 2018LIC unions oppose acquisition of IDBI Bank by insurer
Federation of LIC Class-I Officers Association says LIC is being forced to participate in the bank recapitalisation programme with IDBI Bank acquisition
2 min read10 Jul 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared