Court Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

Court Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

The association, in its appeal, told the bench that LIC's move to acquire a 51 per cent stake in he IDBI violated provisions of the Insurance Act.

Corporates | | Updated: December 21, 2018 13:15 IST
Court Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

LIC told the court that the amount it was investing in the bank was just one per cent of its entire funds