LIC completes acquisition of 51% stake in IDBI Bank
IDBI Bank said its retail loan portfolio is expected to reach 50 percent by fiscal 2019-20.
Jan 21, 2019, 13:23 PM ISTLIC makes open offer to acquire 26% stake in IDBI Bank
The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank.
Dec 19, 2018, 11:20 AM ISTLIC yet to seek open offer exemption for IDBI takeover: Sebi
On August 1, the Cabinet Committee of Economic Affairs also cleared the proposal under which the city-headquartered bank will become a subsidiary of LIC.
Sep 19, 2018, 13:49 PM IST