IDBI Mutual: LIC Mutual Fund-IDBI Mutual Fund Agreement Has Been Approved By The Competition Commission.

According to CCI, the purchase of IDBI Mutual Fund by LIC Mutual Fund has been authorized. The sponsor of the LIC Mutual Fund (LIC MF) and the parent company of LIC AMC and LIC TC are the Life Insurance Corporation of India (LIC). According to a press release, the proposed combination calls for IDBI Asset ...