RBI approves raising HDFC Bank’s stake in LIC to 9.99%.
The Reserve Bank of India (RBI) has approved the Life Insurance Corp. of India (LIC) to purchase an additional 4.8% stake in the nation’s largest private sector lender, HDFC Bank announced on Thursday. As of right now, LIC owns 5.19% of HDFC Bank. As per HDFC Bank’s stock exchange filing, LIC has been advised by…
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