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Business News›ET NOW›Daily›LIC-IDBI Bank deal: Insurance firm unlikely to pay any premium for shares
LIC-IDBI Bank deal: Insurance firm unlikely to pay any premium for shares
Life Insurance Corporation of India (LIC), which is in the process of buying a majority stake in IDBI Bank, is unwilling to offer any premium for the stake deal, sources told ET Now. LIC is set to pick up to 51 per cent stake in the bank and the deal is expected to be closed in the next two months. Total outgo for the deal is estimated at around Rs 12,000 crore.
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