IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blacksto...

Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the pr...

The government anticipates inviting financial bids for IDBI Bank's disinvestment in the third quarter of the current fiscal year. The selec...

LIC 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...

Life Insurance Corp of India (LIC), the promoter of LIC MF, took a controlling stake in IDBI Bank in 2019.

LIC 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...

The 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...

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 follow...

The board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank.

The board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.

The around Rs 20,000-crore deal could help the national insurer realise its long-cherished dream of owning a bank.

The open offer, at Rs 61.73 per equity share, will close on December 14.

The open offer, at Rs 61.73 per equity share, will close on December 14.

On July 16, the board of the national insurer had accepted the forced takeover of the bank, which has been under the prompt corrective acti...

He said Sebi will consider LIC's proposal as and when it comes.

LIC board has approved the ‘initiative’ to take a controlling stake in the bank.

New 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...