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Total 53 results found. Search for [ LIC-idbi deal ]

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PTI
New Delhi, March 20, 2019
The board of IDBI Bank had last month sought RBI's approval for change in the name of the lender to either LIC IDBI Bank or LIC Bank following the takeover by LIC


PTI
March 20, 2019



PTI
March 17, 2019
Besides the RBI, change of name requires clearance from the Ministry of Corporate Affairs, shareholders, stock exchanges, among others.


PTI
March 17, 2019



Anand Adhikari
March 12, 2019
The IDBI Bank now has Rakesh Sharma with three-year tenure to effect a turnaround post the entry of Life Insurance Corporation (LIC) as its new promoter.


PTI
February 18, 2019



PTI
New Delhi, February 4, 2019
Last month, the insurance behemoth completed the acquisition of 51 per cent controlling stake in IDBI Bank, marking the entry of more than 60 years old state-owned insurer into the banking space.


PTI
February 4, 2019



PTI
February 3, 2019
The permissible limit for an insurer to hold stake in any listed entity is 15 per cent. But LIC, with special dispensation from IRDAI, holds more than the limit in some state-run banks.


PTI
January 21, 2019



PTI
January 21, 2019



PTI
January 21, 2019
LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet.


PTI
January 21, 2019



PTI
January 13, 2019
Shareholders feel value of their shares will go up substantially in the future following management takeover by LIC, which had increased its holding beyond 44 per cent before the open option.


PTI
January 13, 2019



BusinessToday.In
New Delhi, January 4, 2019
Earlier in November, LIC, which recorded a surplus of Rs 48,444 crore in the current fiscal, paid Rs 2,430 crore dividend to the government for the financial year 2017-18.


Nevin John
New Delhi, December 20, 2018
The bankrupt companies, which are facing insolvency, were the major booster for the M&A record this year.


PTI
New Delhi, November 27, 2018
In a tweet on Tuesday, the fair trade regulator said it has approved \"acquisition of up to 51 per cent equity share capital in IDBI Bank Ltd by Life Insurance Corporation of India\".


PTI
November 27, 2018



Prosenjit Datta
November 7, 2018
There have been enough pointers since the Budget announcements in February to show that the government's finances are perhaps not in a great shape.


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