36156 - BSE,Company Announcement

Updated:17 May 2013 03:40:00 PM(IST)

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IDBI Bank Limited - Updates
Idbi Bank Limited has informed the Exchange that Life Insurance Corporation of India (LIC) has, vide its letter dated February 24, 2012, given their in principle approval for subscribing maximum upto 5% of the pre-issue paid up equity capital of the Bank at a price to be calculated as per the SEBI (ICDR) Regulations, 2009, subject to necessary approvals from the Board of Directors and other statutory bodies.