LIC Board approves acquisition of up to 51% stake in IDBI Bank
Monday, 16 July 2018 () The LIC board today gave approval to the insurance behemoth for acquiring of up to 51 per cent stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.
Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi.
Insurance regulator Irdai has already given its approval to the...