IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. Th...

The 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...

Dissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...

LIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...

IDBI Bank's shares surged following SEBI's approval to reclassify LIC as a public shareholder after the government's divestment. LIC's voti...

State-owned LIC (Life Insurance Corporation), the promoter of IDBI Bank, plans to retain a portion of its stake in the bank to continue ben...

Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.

The 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...

Earlier 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...

The mandate received from Cabinet Committee on Economic Affairs is to off-load upto 100 per cent stake of government and LIC along with tra...

The AGM (represented by shareholders) enabled the resolution for issue of shares aggregating up to Rs 11,000 crore (inclusive of premium am...

LIC and IDBI Bank both held stakes in NSE, but LIC’s holding was outside this rule.

The open offer has been made at a price of Rs 61.73 a share.

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.

LIC intends to increase its stake in IDBI Bank to 51 per cent.

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