The stake buy from the state-run IDBI Bank will take Federal Bank#39;s stake in the 12-year-old company to 30 percent, the maximum permissible level for a lender under the regulations, its managing director and chief executive Shyam Srinivasan told PTI.Federal Bank to have 30% stake in IDBI Federal Life Insurance, buy additional shares for Rs 80 crore
The stake buy from the state-run IDBI Bank will take Federal Bank#39;s stake in the 12-year-old company to 30 percent, the maximum permissible level for a lender under the regulations, its managing director and chief executive Shyam Srinivasan told PTI.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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