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Wednesday, August 29, 2018

LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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