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.
21 Dec 2018 11:59 AM
LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3 and will close on December 14.
04 Dec 2018 2:12 PM
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.
14 Nov 2018 4:35 PM
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.
31 Oct 2018 5:25 PM
The open offer, at Rs 61.73 per equity share, will close on December 14.
11 Oct 2018 7:15 PM
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.
05 Oct 2018 11:18 AM
IDBI Bank's scrip closed at Rs 50 on BSE, up 0.40 per cent.
28 Sep 2018 6:11 PM
India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.
20 Sep 2018 6:29 PM
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.
07 Sep 2018 3:59 PM
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.
04 Sep 2018 1:49 PM
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.
03 Sep 2018 11:57 AM
The move will eventually lead to acquisition of 51 per cent shareholding by the insurance behemoth in the debt-ridden lender.
31 Aug 2018 3:25 PM
The board will consider the proposal on August 31.
30 Aug 2018 1:01 PM
Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.
28 Aug 2018 7:10 PM
IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.
27 Aug 2018 8:46 AM
IDBI Bank and LIC chairman did not reply to queries in this regard.
23 Aug 2018 8:40 AM
IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.
14 Aug 2018 4:12 PM
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.
14 Aug 2018 9:18 AM
Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.
08 Aug 2018 5:38 PM
IDBI Bank Officers’ Association, in association with AIBOC, will go on strike from August 6-10.
06 Aug 2018 1:53 PM