Govt expresses hope of concluding LIC-IDBI deal by Sept
Beeps By | Jun 28 2018

The Govt has expressed its hope of concluding the LIC-IDBI Bank deal all approvals in place by end of the second quarter in Sept. The proposed deal will give LIC about 53% stake, including 43% Govt holding that would come for about Rs 11,000 cr. Besides, it is likely that IDBI would lose the status of an independent bank.

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