• SENSEX
    NIFTY 50
Finance

Delhi High Court dismisses appeal against LIC move to acquire 51% stake in IDBI

Updated : December 21, 2018 12:10 PM IST

A bench of Chief Justice Rajendra Menon and Justice VK Rao said the single judge had considered all aspects before denying any relief to the All India IDBI Officers Association, which had opposed the Life Insurance Corporation (LIC) move on the ground that change in shareholding could take away IDBI's public sector bank status.
The association, in its appeal, told the bench that LIC's move to acquire 51 per cent stake in the IDBI violated provisions of the Insurance Act.
Delhi High Court dismisses appeal against LIC move to acquire 51% stake in IDBI
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV