IDBI Bank and LIC sketch out turnaround plan
IDBI Bank, in association with its majority stakeholder LIC, is working on a turnaround plan to boost profitability. Among the…
LIC
LIC wraps up 51% stake acquisition in IDBI Bank
Life Insurance Corporation of India (LIC), a state-owned insurance group, has concluded the purchase of a 51% stake in IDBI…
LIC makes open offer to buy 26% stake in IDBI
Life Insurance Corporation of India (LIC) has made an open offer to purchase a 26% equity stake in debt-ridden state-owned…
LIC set to buy 7% additional stake in IDBI Bank
Life Insurance Corporation of India (LIC), the state-owned insurance group, has decided to acquire around 7% additional stake in IDBI…
Indian cabinet approves LIC’s IDBI Bank acquisition plan
India’s Union Cabinet has approved state-run insurer Life Insurance Corporation of India (LIC)’s planned takeover of IDBI Bank, a debt-ridden…
LIC board approves IDBI acquisition
The board of state-owned insurance group Life Insurance Corporation of India (LIC) has approved the acquisition of IDBI Bank, another…
Axis Bank receives board nod to raise $1.8bn from Bain Capital , LIC
Indian private sector lender Axis Bank has secured approval of the board of directors to raise INR116.26bn ($1.78bn) in capital…