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The Canadian financial institution could be given as long as two years to either exit that CSB position or combine CSB with IDBI Bank.
India priced almost $10 billion of equity deals in August, its best month ever, led by the government's LIC stake sale.
Profit after tax jumps 22.81% YoY to INR13,492 crore, driven by a favorable business mix shift and strong growth in non-par savings and protection segments.
The updated offers are being assessed, with a high-level group of bureaucrats having met on 13 July to review the proposed deal.
Discover how Life Insurance Corporation of India (BOM:543526) achieved a historic profit increase and navigated market dynamics in its latest earnings call.
The privatisation process has been suspended for now, with details remaining confidential.
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.
Despite a dip in market share and new policies, LIC reports robust profit growth and improved solvency ratio.
The Indian government is working towards finalising the transfer of its share in IDBI Bank by 2026 end.
Aktuelle Schlagzeilen Dritter zu diesem Unternehmen, getrennt von Makklers eigener Redaktion und mit Verlinkung zum Herausgeber. Für die Richtigkeit ist der jeweilige Herausgeber verantwortlich.