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IDBI BANK TAKEOVER
Moody's sees limited impact on Fairfax leverage from IDBI Bank takeoverFairfax Financial Holdings is preparing to acquire a majority stake in IDBI Bank in India. The Canadian investor's acquisition aims to enha...- Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bondsThe Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds...
- World Bank helps mobilise $36 billion in private capital to support job creation in India since FY22Private capital mobilisation by the World Bank Group has grown nearly five-fold in four years, rising from approximately USD 3 billion in F...
- IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank dealIIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blacksto...
- Fairfax plans IIFL Finance exit to fund IDBI Bank bidFairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the pr...
- Due diligence for IDBI Bank stake sale done, financial bids expected in Q3: DIPAM SecyThe government anticipates inviting financial bids for IDBI Bank's disinvestment in the third quarter of the current fiscal year. The selec...
- LIC Mutual Fund completes takeover of IDBI MF schemesLIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI M...
- LIC Mutual Fund plans to absorb IDBI Mutual FundLife Insurance Corp of India (LIC), the promoter of LIC MF, took a controlling stake in IDBI Bank in 2019.
- LIC Housing or IDBI? Insurer has to exit one of its mortgage businessesLIC has said that the central bank's conditional approval for its stake purchase in IDBI Bank may lead to it having to stop mortgage busine...
- IDBI Bank board okays divesting entire 19% stake in ARCILThe board has approved the proposal for sale of IDBI Bank's entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 pe...
- RBI says no to IDBI Bank name change proposalThe 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 follow...
- RBI not in favour of changing IDBI Bank's nameThe board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank.
- IDBI may now become LIC IDBI Bank or LIC BankThe board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
- LIC to set time-line for paring IDBI Bank stake: Irdai's SatheThe around Rs 20,000-crore deal could help the national insurer realise its long-cherished dream of owning a bank.
- LIC seeks CCI nod for IDBI Bank dealThe open offer, at Rs 61.73 per equity share, will close on December 14.
- LIC's open offer for IDBI Bank to begin from Dec 3The open offer, at Rs 61.73 per equity share, will close on December 14.
- LIC yet to seek open offer exemption for IDBI takeover: SebiOn July 16, the board of the national insurer had accepted the forced takeover of the bank, which has been under the prompt corrective acti...
- No open offer proposal from LIC for IDBI Bank deal: Sebi chiefHe said Sebi will consider LIC's proposal as and when it comes.
- IDBI Bank rallies over 4% on LIC takeover buzzLIC board has approved the ‘initiative’ to take a controlling stake in the bank.
- Yes Bank's take-over value could exceed $2.5 bn by 2010New generation lender, Yes Bank's takeover value could exceed $2.5 billion (Rs 10,000 crore) by 2010, well above the option value ($2.4 bil...
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