LICI \u2014 Recent Activity

India halts IDBI Bank stake sale as bids miss target – report

The privatisation process has been suspended for now, with details remaining confidential.

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India's IDBI Bank slumps 14% on reports government to scrap stake sale bids

March 16 (Reuters) - Shares of India's IDBI Bank fell more than 14% on Monday after reports that the government will shelve the bids it received for a majority stake sale in the lender.

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India's Kotak Mahindra Bank says it has not submitted bid for IDBI Bank

Feb 7 (Reuters) - India's Kotak Mahindra Bank said in an exchange filing on Saturday that it has not submitted a financial bid for IDBI Bank.

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Life Insurance Corporation of India (BOM:543526) Q3 2026 Earnings Call Highlights: Strong ...

Life Insurance Corporation of India (BOM:543526) reports a robust 16.68% increase in profit after tax and a strengthened solvency ratio, despite slight declines in market share and persistency.

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Canada's Fairfax group, Emirates NBD, Kotak Mahindra Bank vie for India's IDBI Bank, sources say

By Gopika Gopakumar, Ashwin Manikandan and Nikunj Ohri NEW DELHI, Feb 6 (Reuters) - The planned sale of India's state-owned IDBI Bank has attracted bids from Canadian investment group Fairfax

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India's LIC posts higher profit as tax cuts boost insurance demand

Feb 5 (Reuters) - Life Insurance Corporation of India reported a 17% rise in third-quarter profit on Thursday, aided by higher premium collections on tax cut-spurred retail demand for insurance

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India prepares to invite bids for $7.1bn IDBI Bank stake – report

The government plans to sell 60.72% of IDBI Bank, which totals up to $7.1bn, based on the bank’s current market valuation.

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Life Insurance Corporation of India (BOM:543526) Q2 2026 Earnings Call Highlights: Navigating ...

Despite a dip in market share and new policies, LIC reports robust profit growth and improved solvency ratio.

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Emirates NBD stays in IDBI Bank bidding despite $3bn RBL Bank deal – report

The Indian government is working towards finalising the transfer of its share in IDBI Bank by 2026 end.

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India plans minority stake sales in half a dozen state firms, official says

NEW DELHI (Reuters) -The Indian government is planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told television channel CNBC-TV18 on Monday. Chawla did not disclose which companies will be considered for the sale of stakes, but Reuters has previously reported that India has plans to sell shares in five public sector banks including UCO Bank and Bank of Maharashtra. India also has to reduce its shareholding in the country's largest i

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