LIC increases stake in IDBI Bank to 14.37% 
State-owned lender IDBI Bank on Tuesday informed the stock exchanges that insurance major LIC of India has increased its stake in the bank to 14.37% from 7.21%, after a preferential issue of shares last week. With this transaction, IDBI is now the second largest equity holding in a bank for LIC, after a 21.22% stake in Corporation Bank. 