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LIC to be public shareholder in IDBI Bank
The New Indian Express Bhubaneswar
|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.
The approval, which comes with a set of conditions, will take effect once the transaction is completed.
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