News From Press IDBI Bank seeks government's decision on LIC deal

IDBI Bank seeks government's decision on LIC deal

Source: CNBC TV18 Jul 18, 2018

Debt-laden banker IDBI Bank said it had decided to seek the government's decision with respect to LIC acquiring a 51 percent stake in the bank, IDBI said in an exchange filing.

The board of insurance behemoth LIC approved the acquisition of 51 percent stake in IDBI Bank in a meeting held on Monday.

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