Homevideos Newsmarket News

    IDBI Bank strategic stake sale to include LIC participation; stock price jumps over 5%

    videos | IST

    IDBI Bank strategic stake sale to include LIC participation; stock price jumps over 5%

    Mini

    IDBI Bank was buzzing in trade on Wednesday, settling well over 5 percent at close. The stock gained after sources indicated that the lender's strategic sale will include the participation of the Life Insurance Corporation (LIC).

    IDBI Bank was buzzing in trade on Wednesday, settling well over 5 percent at close. The stock gained after sources indicated that the lender's strategic sale will include the participation of the Life Insurance Corporation (LIC).
    The government and LIC together are likely to shed stake and management control. A Cabinet meeting soon will take up the proposal for its nod.
    CNBC-TV18’s Sapna Das shares more details.
    Watch the video for more
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng