Home Business Cabinet clears LIC’s acquisition of 51% stake in IDBI

Cabinet clears LIC’s acquisition of 51% stake in IDBI

By
Lucky Jain
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494
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(G.N.S) Dt. 01 New Delhi 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, a government official told reporters. The Cabinet today approved lowering the government’s stake in IDBI Bank below

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