LIC completes the acquisition of 51% controlling stake in IDBI Bank

NEW DELHI: IDBI Bank on Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender’s majority shareholder. “The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, […]

LIC’s open offer for 26% stake in IDBI Bank to begin from 3 December

NEW DELHI: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from 3 December, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on 14 December. LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26% of the fully paid-up equity capital […]

Back To Top