LIC to Buy Majority Govt Stake in IDBI Bank | Bazaar Morning Call (Part 1) | CNBC TV18

The country’s largest insurance company, Life Insurance Corporation of India (LIC), is likely to buy a ‘substantial’ stake in IDBI Bank. While this could be a move by the government to help clear off debt of the bank, how the structure of the deal will pan out will be closely watched by market participants. LIC has been often regarded as the ‘white knight’ of the disinvestment programmes of the government and has helped several such offers sail through, be it the NTPC stake sale or the SBI mega QIP in 2014. Even state-owned entity IPOs like that of Hindustan Aeronautics, General Insurance Corporation of India and New India Assurance have seen heavy investments from LIC. CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://goo.gl/hKwgtm Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Website: http://www.moneycontrol.com/cnbctv18/