IDBI signs MOU with LIC for Joint / Take-out financing of long-gestation projects

Industrial Development Bank of India Ltd (IDBI) has announced that a Memorandum of Understanding (MOU) was signed on December 21, 2006 between the Bank and Life Insurance Corporation of India Ltd (LIC) in Mumbai for undertaking joint and take-out financing of long-gestation projects, including infrastructure projects.

Source : Equity Bulls

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