INSUBCONTINENT EXCLUSIVE:
At end of December quarter, LIC held a 44.3 per cent stake in IDBI Bank.
LIC or Life Insurance
Corporation on Monday completed acquisition of a controlling stake in IDBI Bank
With completion of acquisition of a 51 per cent stake, LIC became majority shareholder of IDBI Bank, according to a regulatory filing by
The deal is "envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders,
customers employees of both entities through mutual synergies," IDBI Bank said in its statement
