LIC
LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue
The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.
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.
Hotel Leela defaults on payment of quarterly interest to LIC
Hotel Leelaventure said the total interest outstanding as on date is Rs 13.80 crore.
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.
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.
Cabinet clears LiC purchasing stake in IDBI
On the NSE, shares of the company surged 5.60 per cent to close at Rs 62.15.
Moody's places IDBI Bank's long-term ratings for upgrade
The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.
LIC posts 33 per cent increase in investment profits
As at March 31, 2018, LIC balance sheet increased to Rs 27.91 lakh crore compared to Rs 25.29 lakh crore.