LIC jointly seeks to sell its stake in IDBI Bank, following a minister's reiteration of the divestment pursuit.
5 reports, 4 independent
Updated Oct 19
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
LIC jointly seeks to sell its stake in IDBI Bank, following a minister's reiteration of the divestment pursuit.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Mark Carney's visit helped strengthen India-Canada ties, facilitating the sale involving IDBI Bank.Sub-event
LIC is taking a concrete step by reducing its stake in IDBI Bank.1 source
LIC is reducing its stake in IDBI Bank following its strategic sale to a Canadian entity.1 source
LIC is actively seeking to sell its stake in IDBI Bank.1 source
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The entities involved
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
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IDBI Bank
Indian private sector bank