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(HT Photo)

Radio One acquisition in line with our strategy, says Harshad Jain, HT Media

By HT Correspondent | Hindustan Times
UPDATED ON JUN 03, 2019 07:36 PM IST
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LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.(Reuters File Photo)
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.(Reuters File Photo)

LIC board approves acquisition of up to 51% stake in IDBI Bank

By HT Correspondent | Press Trust of India, New Delhi
UPDATED ON JUL 16, 2018 02:59 PM IST
LIC’s buying stake in IDBI Bank will help the debt-ridden state-owned bank get a capital support of Rs 10,000- 13,000 crore.
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