Life Insurance Corp. of India raises stake in IDBI Bank
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IDBI BankLtd. said March 28 that Life Insurance Corp. of India raised its in the lender to 14.37%from 7.21%.
LIC acquired 158,761,801 additional shares in IDBI Bank,representing a stake of 7.16%, via preferential allotment March 23.
Pricing details of the transaction were not disclosed.
