Tuesday, Apr 20, 2021 | Last Update : 10:32 PM IST

IDBI bank Page-2

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.

04 Dec 2018 2:12 PM

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.

14 Nov 2018 4:35 PM

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.

31 Oct 2018 5:25 PM

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.

11 Oct 2018 7:15 PM

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.

05 Oct 2018 11:18 AM


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.

28 Sep 2018 6:11 PM

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.

20 Sep 2018 6:29 PM

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.

07 Sep 2018 3:59 PM

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.

04 Sep 2018 1:49 PM

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.

03 Sep 2018 11:57 AM


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.

31 Aug 2018 3:25 PM

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.

30 Aug 2018 1:01 PM

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.

28 Aug 2018 7:10 PM

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.

27 Aug 2018 8:46 AM

LIC will be asked to speed up IDBI Bank acquisition process

IDBI Bank and LIC chairman did not reply to queries in this regard.

23 Aug 2018 8:40 AM


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.

14 Aug 2018 4:12 PM

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.

14 Aug 2018 9:18 AM

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.

08 Aug 2018 5:38 PM

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.

06 Aug 2018 1:53 PM

LIC-IDBI Bank deal gets clearance from Cabinet

The LIC-IDBI deal has been approved, after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.

01 Aug 2018 4:05 PM