IDBI bank
LIC board to meet tomorrow to decide IDBI Bank stake hike plan
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.
IDBI Bank approves issuance preference shares to LIC
The move will eventually lead to acquisition of 51 per cent shareholding by the insurance behemoth in the debt-ridden lender.
LIC Board to meet on Sept 4 to decide on raising stake to 51 pc in IDBI Bank
The board will consider the proposal on August 31.
LIC to buy 14.9 per cent stake in IDBI Bank
Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.
As a captive bank, IDBI will get fresh liquidity from LIC deposits
IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.
LIC will be asked to speed up IDBI Bank acquisition process
IDBI Bank and LIC chairman did not reply to queries in this regard.
IDBI Bank Q1 loss widens to Rs 2,410 crore
IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.
Questions of propriety raised over LIC bailing out IL&FS
The IL&FS bailout would be one of the biggest for the insurer, as it would mean taking over a debt of Rs 65,000 crore.
IDBI Bank gets govt nod for acquisition by LIC
Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.
Young IDBI staff threatens suicide as merger plan with LIC moves on
IDBI Bank Officers’ Association, in association with AIBOC, will go on strike from August 6-10.