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

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