Life Insurance Corporation of India

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Banking, Fintech & Insurance 18 Oct 2026, 08:00 PM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Strategic Exit Shift

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a significant restructuring of ownership ahead of the lender’s strategic disinvestment. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, underscoring the formal separation of state control from the sale process.

By RDU Global Wire5 min read

Banking, Fintech & Insurance16 Oct 2026, 10:10 AM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax-Led Exit Plan

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a key structural step in the lender’s long-running disinvestment process. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, underscoring a cleaner ownership framework ahead of the proposed strategic sale.

4 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 05:25 AM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax Deal Reset

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation will hold 19%, marking a significant step in the bank’s long-running ownership transition. Both shareholders will withdraw their nominees from the board and function as public shareholders, while the Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism to approve minority stake sales.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 02:40 AM IST

Cabinet Clears Rs 52,878 Crore IDBI Bank Sale to Fairfax Arm in Landmark Financial FDI

India’s Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to an arm of Fairfax Group, marking what Union Minister Ashwini Vaishnaw described as the country’s largest financial-sector foreign direct investment. The government and Life Insurance Corporation of India will together retain a 34% stake in the restructured bank, underscoring a calibrated exit that preserves a significant public-sector footprint while transferring control to a private investor.

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Markets, IPOs & Wealth07 Oct 2026, 01:32 AM IST

LIC Gains Rs 531 Crore in a Day as Trent Shares Surge 13% on Strong Q2 Update

Life Insurance Corporation of India booked a paper gain of more than Rs 531 crore in a single trading session after Trent shares jumped about 13% on the back of a robust quarterly business update. The rally lifted Trent’s market capitalisation by over Rs 17,540 crore and pushed the value of LIC’s holding in the Zudio parent close to Rs 4,700 crore.

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Markets, IPOs & Wealth06 Oct 2026, 02:44 PM IST

LIC Gains Rs 531 Crore in a Day as Trent Shares Surge 13%, Stake Value Nears Rs 4,700 Crore

Life Insurance Corporation of India added more than Rs 531 crore to the value of its Trent holding in a single trading session after the retailer’s shares jumped sharply on the back of a strong quarterly business update. The rally lifted Trent’s market capitalisation by over Rs 17,540 crore and pushed LIC’s stake value in the Zudio parent closer to Rs 4,700 crore.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Life Insurance Corporation of India:

New Delhi(5)IDBI Bank(4)Cabinet Committee on Economic Affairs(3)Zudio(2)Trent Limited(1)Trent(1)