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Total 47 results found. Search for [ LIC stake in IDBI ]

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BusinessToday.In
September 23, 2018
Along with the defaults by IL&FS, the agenda for the meeting will also include discussion on a capital infusion plan, which will be taken up by the shareholders during the company's AGM.


BusinessToday.In
New Delhi, September 7, 2018
\"We will look at their (LIC's) business plan (post acquisition of 51 per cent stake in IDBI Bank) and then decide on reduction of its stake in IDBI Bank (to 15 per cent),\" says IRDAI Chairman SC Khuntia


BusinessToday.In
September 4, 2018
In June, the board of Insurance Regulatory and Development Authority of India had permitted LIC to increase its stake from 10.82 per cent to 51 per cent in IDBI Bank.


BusinessToday.In
New Delhi, August 29, 2018
The order came in light of the writ petition filed by All-India IDBI Bank Officers' Association, asking the court to prohibit the government from reducing its stake in the bank below 51 per cent.


PTI
New Delhi, August 28, 2018
The oral assurance by the LIC was given before Justice Vibhu Bakhru as he appeared inclined to pass orders restraining LIC from making any investment in the IDBI in which the government intends to dilute its shareholding below 51 per cent.


Tripti Kedia
New Delhi, August 20, 2018
Look at the corporate governance theme to pick winning stocks.


BusinessToday.In
August 14, 2018
The Life Insurance Corporation is in the process of buying 51 per cent stake in the debt-stressed IDBI Bank. The Union Cabinet gave its approval to the proposal on August 1.


BusinessToday.In
August 2, 2018
RBI increases repo rate by 25 basis points to 6.5%, maintains 'neutral' stanceThe RBI's Monetary Policy Committee, during its by-monthly meeting on Wednesday, increased the repo rate by 25 basis points to 6.5 per cent from the previous rate of 6.25 per cent. This is the second hike in the interest rate after four years of continuous halt by the central bank. This time too, the MPC again maintained the neutral stance to achieve the medium-term target for inflation of 4 per cent in ...


BusinessToday.In
New Delhi, August 1, 2018
The approval of the deal makes LIC a majority holder in the bank. As per the proposal, IDBI Bank will issue preferential shares to LIC to raise money.


BusinessToday.In
New Delhi, July 26, 2018
Incorporated in 1987, IL&FS was ex-Citibanker Parthasarathy's brainchild and was initially promoted by the Central Bank of India, Housing Development Finance Corporation Limited and Unit Trust of India (UTI).


Anand Adhikari
New Delhi, July 24, 2018
New capital with new management is good news for private banks.


Joe C. Mathew
New Delhi, July 23, 2018
The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.


BusinessToday.In
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.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
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.


BusinessToday.In
July 11, 2018
At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE. Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports about the open offer poured in. On NSE, shares of the company zoomed 9.32 per cent to end at Rs 53.35.


BusinessToday.In
July 9, 2018
Share sale and purchase of beaten down stocks such as that of IDBI Bank by the insurer is a part of long-term strategy to reap huge gains when the fortunes of public sector banks revive in the future, the report added.


BusinessToday.In
New Delhi, July 5, 2018
Life Insurance Corporation's talks to acquire the ailing IDBI Bank amounts to throwing good money after bad. The nation's largest insurer has decided to acquire a majority stake in the hugely loss-making IDBI Bank, possibly under government pressure. Watch this video where BusinessToday.in Editor Rajeev Dubey explains why LIC's decision to buy majority stake in IDBI Bank is not a wise choice.


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