On January 21, state-run LIC completed its acquisition of 51 per cent stake in IDBI Bank
Tag: LIC
LIC Mutual Fund’s Short Term Debt Fund offer opens
Mumbai, State-run LIC Mutual Fund on Friday launched an open-ended short term debt fund scheme for investing in instruments of “Macaulay duration” between one and three years as a new fund offer (NFO) called “LIC MF Short Term Debt Fund” that will close on January 25. In a statement here,[Read More…]
IL&FS board recast, Uday Kotak tasked to restore financial health
Mumbai/New Delhi: As the debt-stricken IL&FS Group moved from crisis to crisis, the Central government on Monday superseded the management of the beleaguered company by appointing a six-member board led by banker Uday Kotak to restore its financial solvency. “The NCLT (National Company Law Tribunal) suspended the existing board and[Read More…]