News From Press Only Capital, No Control In The LIC-IDBI Bank Deal: Exclusive

Only Capital, No Control In The LIC-IDBI Bank Deal: Exclusive

Source - Bloomberg Quint Jun 29, 2018

Life Insurance Corporation of India may acquire a substantial stake in IDBI Bank Ltd. by infusing fresh capital but will not be permitted any management control, two officials aware of the matter told BloombergQuint on condition of anonymity.

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