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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
Read time
05 Sept
Published
RBI & Policy
4 min read· Economic TimesRBI approves LIC to acquire up to 9.99% stake in ICICI Bank
The Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's share capital. This approval is valid for one year from the RBI's letter date. The central bank's approval will stand cancelled if not utilized within this period. This acquisition is s…
The Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's share capital. This approval is valid for one year from the RBI's letter date. The central bank's approval will stand cancelled if not utilized within this period. This acquisition is s
#RBI#ICICI
Source: Economic Times