Cabinet Clears LIC’s Acquisition Of 51% Stake In IDBI Bank
Signage of IDBI Bank seen at its Prabhadevi Branch in Mumbai, India (Photographer: Anirudh Saligrama/BloombergQuint)

Cabinet Clears LIC’s Acquisition Of 51% Stake In IDBI Bank

The central government will give up its promoter status and management control in IDBI Bank Ltd. after Life Insurance Corporation of India acquires 51 percent in the lender.The Cabinet approved low...
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