IDBI Capital Markets & Securities Ltd. | LinkedIn
IDBI Capital Markets & Securities Ltd. | LinkedIn
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9.7K views · 47 reactions | The Cabinet on Wednesday cleared the purchase of 51 per cent controlling stake in IDBI Bank by state-run insurer Life Insurance Corporation (LIC), sources said. As per the proposal, the debt-laden bank will issue preferential shares to Life Insurance Corporation (LIC) to raise capital. The LIC-IDBI deal has been approved, a source said after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi. Read more here: https://goo.gl/svEEme | NDTV | Facebook
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