News From Press Will LIC be the white knight again?

Will LIC be the white knight again?

Source : Moneycontrol Jun 25, 2018

The country’s largest insurance company, Life Insurance Corporation of India (LIC), is likely to buy a ‘substantial’ stake in IDBI Bank. While this could be a move by the government to help clear off debt of the bank, how the structure of the deal will pan out will be closely watched by market participants.

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