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LIC’s IDBI Bank Investment: Reluctant And Unprofitable?
At current market price, LIC will make a loss on its investment in IDBI Bank. Many of the synergies have not worked either.
23 May 2021, 11:52 AM IST
When India’s largest insurer was nudged into acquiring distressed IDBI Bank Ltd., the deal was touted as a “win-win” for both companies.A little over two years later, Life Insurance Corporation of India has approvals in place to divest its stake, even though timelines for the sale remain unclear. Still, as it mulls an exit, LIC may find that its investment neither made financial sense, nor did it bring synergies to the extent envisag...
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