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LIC to be public shareholder in IDBI Bank

The New Indian Express Chennai

|

August 25, 2025

The Securities and Exchange Board of India (Sebi) has cleared reclassification of the Life Insurance Corporation of India (LIC) as public shareholder in IDBI Bank, a move that paves way for the lender's strategic disinvestment.

- ENS ECONOMIC BUREAU @New Delhi

The approval, which comes with a set of conditions, will take effect once the transaction is completed.

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