State-owned IDBI Bank on Friday said it proposes to sell 5 per cent stake to Life Insurance Corporation (LIC) on preferential basis.
LIC has in-principle given approval for subscribing maximum up to 5 per cent of the pre-issue paid up equity capital of the bank, IDBI Bank said in filing on the BSE.
LIC has in-principle given approval for subscribing maximum up to 5 per cent of the pre-issue paid up equity capital of the bank, IDBI Bank said in filing on the BSE.
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