INSUBCONTINENT EXCLUSIVE:
LIC already has 7-7.5% stake in IDBI Bank and will acquire the remaining for majority holding.NEW DELHI: The Cabinet on Wednesday cleared
the purchase of 51 per cent controlling stake in IDBI Bank by state-run insurer Life Insurance Corporation (LIC), sources said
As per the proposal, the debt-laden bank will issue preferential shares to Life Insurance Corporation (LIC) to raise capital
LIC would not bring any money to the government, the bank would get capital support between Rs 10,000 crore and Rs 13,000 crore, depending
