Money & Banking

CCI nod for LIC to acquire IDBI Bank

Our Bureau New Delhi | Updated on November 28, 2018

 

 

The Competition Commission of India (CCI) has given its nod to Life Insurance Corporation of India (LIC) to acquire up to 51 per cent stake in state-owned IDBI Bank. This was confirmed by the competition watchdog on Tuesday in a tweet. “@CCI_India approves acquisition of up to 51 per cent equity share capital in IDBI Bank by Life Insurance Corporation of India,” the tweet stated.

Published on November 27, 2018

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