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LIC SHAREHOLDER IDBI
IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...- 'INDI alliance parties ruined PSBs': Sitharaman responds to Akhilesh's 'Season End Sale' remarks on IDBI-Fairfax dealFinance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav...
- IDBI Bank-Fairfax deal: Government to retain 15% stake, LIC to hold 19%The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will w...
- IDBI Bank shares rally 13%, market value swells by Rs 11,460 crore amid muted market. What lies ahead?IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. Th...
- NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per sh...
- Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT orderDissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...
- LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...
- IDBI Bank shares jump 2% as Sebi approves LIC reclassification as a public shareholderIDBI Bank's shares surged following SEBI's approval to reclassify LIC as a public shareholder after the government's divestment. LIC's voti...
- LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassuranceState-owned LIC (Life Insurance Corporation), the promoter of IDBI Bank, plans to retain a portion of its stake in the bank to continue ben...
- Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund dealDeals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
- New owner will have free hand to run IDBI Bank despite govt, LIC having sizeable shareholding after privatisationThe government and the LIC hold 45.48 per cent and 49.24 per ecnt stake in the IDBI Bank. Cente has invited bids for sale of 60.72 per cent...
- Centre seeks waiver in key norm for IDBI Bank stake saleEarlier this month, India invited bids for a 60.72% stake in IDBI Bank -- which is 45.48% owned by the government and 49.24% by state-owned...
- Govt, LIC to sell full stakes in IDBI Bank, open offer may be triggeredThe mandate received from Cabinet Committee on Economic Affairs is to off-load upto 100 per cent stake of government and LIC along with tra...
- IDBI Bank gets shareholders' nod to raise Rs 11,000 croreThe AGM (represented by shareholders) enabled the resolution for issue of shares aggregating up to Rs 11,000 crore (inclusive of premium am...
- Sebi tells LIC to trim NSE stakeLIC and IDBI Bank both held stakes in NSE, but LIC’s holding was outside this rule.
- LIC makes open offer to acquire 26% stake in IDBI BankThe open offer has been made at a price of Rs 61.73 a share.
- 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 board explores open offer for IDBI BankLIC intends to increase its stake in IDBI Bank to 51 per cent.
- No open offer proposal from LIC for IDBI Bank deal: Sebi chiefHe said Sebi will consider LIC's proposal as and when it comes.
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