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Competition Commission approves LIC's majority stake buy in IDBI Bank

Updated : November 28, 2018 06:43 AM IST

The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet.
Mergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors.
Competition Commission approves LIC's majority stake buy in IDBI Bank

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