Tuesday, December 4, 2018

LIC Open Offer : Govt not to participate

Image result for idbi bank

Government will not participate in LIC's open offer to acquire 51 per cent stake in IDBI bank.

LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3 and will close on December 14.

 LIC is acquiring 26 per cent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,600 crore.

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