IDBI bank
Delhi HC dismisses appeal against LIC move to acquire 51 pc stake in IDBI
LIC to pay back its policy holders since it will have to invest an amount of Rs 13,000 crores to acquire the 51 per cent stake.
Govt not to participate in LIC's open offer in IDBI Bank
LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3 and will close on December 14.
IDBI Bank loss widens to Rs 3,602 crore in Q2
Total income of the bank was also down at Rs 6,162.14 crore in the reported quarter as against Rs 8,302.42 crore.
LIC seeks CCI nod for IDBI Bank deal
LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26 per cent of the fully paid-up equity capital of IDBI Bank.
LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3
The open offer, at Rs 61.73 per equity share, will close on December 14.
LIC makes Rs 12,602 crore open offer for IDBI stake
LIC came out with an open offer for acquiring 26 per cent equity in IDBI Bank at a price of Rs 61.73 per share.
IDBI board to consider allotment of 51 pc shares to LIC on Oct 4
IDBI Bank's scrip closed at Rs 50 on BSE, up 0.40 per cent.
India to pay in rupees for Iranian oil
India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.
IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15 per cent
LIC currently holds 7.98 per cent in debt-ridden IDBI Bank, and is in the process of increasing its stake to 51 per cent.
LIC board decides modalities, timeline for stake hike in IDBI Bank
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.