India: IPO-bound LIC may not sell entire stake in IDBI Bank

India: IPO-bound LIC may not sell entire stake in IDBI Bank

FILE PHOTO: A bird flies past the logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis

State-run Life Insurance Corp Of India (LIC), which is planning the country’s largest IPO next month, may not sell its entire stake in IDBI Bank IDBI.NS and can use its large network of branches to market its insurance services, its chairman said.

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