News From Press LIC Board to decide modalities for raising stake to 51% in IDBI Bank on Sep 4

LIC Board to decide modalities for raising stake to 51% in IDBI Bank on Sep 4

Source: BusinessLine Aug 30, 2018

The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will provide insurance behemoth entry into the banking space.

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