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Total 4 results found. Search for [ LIC acquires 51% stake in IDBI bank ]

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New Delhi, May 30, 2019
IDBI Bank's Q4 standalone net loss narrowed to Rs 4,918.44 crore from a net loss of Rs 5,662.76 crore during the corresponding quarter of the last year; Net Interest Income grew by 76 per cent y-o-y to Rs 1,609 crore in Q4FY19

December 19, 2018
State-owned IDBI Bank said it has received a final letter from Life Insurance Corporation for an open offer to acquire additional 26 per cent in the lender

July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.

July 11, 2018
Under Sebi's takeover code, if a company acquires more than 25 per cent in another listed company, it has to make an open offer to minority shareholders to buy at least 26 per cent more in the target firm.