Competition Commission approves LIC's majority stake buy in IDBI Bank
Updated : April 08, 2019 07:15 AM IST
The Competition Commission of India has cleared LIC's proposed acquisition of up to 51 per cent stake in debt-laden IDBI Bank.
The deal would help the insurance behemoth to enter the banking space and would provide business synergies.
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.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
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