Monday, July 2, 2018

IDBI Bank soars 6% after insurance regulator approves LIC 51% stake buy

IDBI Bank soars 6% after insurance regulator approves LIC 51% stake buy





















Sources told Moneycontrol this is a special case dispensation that has been given to LIC and the 15 percent equity investment cap still remains. According to the regulator#39;s norms on investment, insurance companies cannot hold more than 15 percent stake in any company.

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