IDBI Bank Board Approves Promoter Status For LIC
Signage of IDBI Bank seen at its Prabhadevi branch in Mumbai, India. (Photographer: Anirudh Saligrama/BloombergQuint)

IDBI Bank Board Approves Promoter Status For LIC

The board of IDBI Bank Ltd. on Thursday approved a preferential allotment of shares to Life Insurance Corporation of India and also reclassified the insurer as its promoter.At a meeting held on Thu...
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