Cabinet nod for LIC to acquire controlling stake of IDBI Bank
Post the transaction, IDBI Bank would become a subsidiary of LIC and the insurer would have 51 percent stake.
Aug 02, 2018, 11:23 AM IST
LIC board nod for acquisition of up to 51% stake in IDBI Bank
Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi.
Jul 16, 2018, 14:26 PM IST
IDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LIC
IDBI Bank is saddled with huge amounts of bad loans and the government wants to revive the lender.
Jun 29, 2018, 18:25 PM IST
IDBI Bank shares soar over 10%, m-cap rises by Rs 7,567 crore
The company's market valuation surged Rs 7,566.73 crore to Rs 22,954.73 crore.
Jun 29, 2018, 18:21 PM IST
IDBI Bank shares rises 6% intra-day on reports of stake sale to LIC
Government holds about 81 percent stake in IDBI Bank.
Jun 22, 2018, 18:10 PM IST
IDBI Bank discloses fraud of Rs 772 crore, shares fall
IDBI shares fell as much as 3.5 percent to 73.6 rupees by 0512 GMT.
Mar 28, 2018, 14:56 PM IST
IDBI Bank to raise Rs 1,500 cr by selling stake to LIC
State-owned IDBI Bank on Saturday said it plans to raise up to Rs 1,500 crore by selling stake to Life Insurance Corporation (LIC) by preferential issuance of shares to the insurer.
Feb 20, 2016, 20:19 PM IST
IDBI Bank to raise $7.5 bn via debt
IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).
Aug 28, 2015, 18:02 PM IST
IDBI Bank gets shareholders nod to raise up to Rs 26,000 cr
The bank in a statement said, AGM convened yesterday has passed "enabling for issue of shares up to Rs 6,000 crore (inclusive of premium amount) through various modes of issues including QIP".
Aug 13, 2015, 19:26 PM IST
IDBI Trusteeship acquires 6.44% equity shares of Adani Power
IDBI Trusteeship Services Limited has acquired 6.44 percent shares of Adani Power after it invoked pledges on 18.49 crore shares of the company on June 17.
Jun 18, 2015, 20:42 PM IST
IDBI looking at FPO to shore up capital base
Public sector lender IDBI Bank on Tuesday said it is awaiting correct valuation before coming out with a follow-on public offer, which will help it shore up its capital base.
Apr 21, 2015, 15:58 PM IST
IDBI Bank approves issuance of Rs 5,500 cr bonds
The bank also approved issuance of Rs 500 crore long term bonds to support infrastructure and affordable housing.
Aug 06, 2014, 21:38 PM IST
