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LIC Begins Acquisition Process for IDBI BankNews

LIC Begins Acquisition Process for IDBI Bank

"The Bank has received a letter dated August 28, 2018 from LIC giving their in principle approval for subscription of the equity shares on preferential basis subject to their total exposure not exceeding 14.90 per cent of post issue capital of IDBI Bank at any point of time," IDBI Bank said in a regulatory filing.

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