• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

LIC Gets RBI Approval To Acquire 9.99% Stake In HDFC Bank

OMMCOM NEWS by OMMCOM NEWS
January 25, 2024
in Business

New Delhi:  The Reserve Bank of India (RBI) has accorded its approval to LIC for acquiring aggregate holding up to 9.99 per cent of the paid-up share capital or voting rights of HDFC Bank Limited.

The approval has been granted with reference to the application submitted by LIC to RBI.

The aforesaid approval granted by RBI is subject to the conditions mentioned therein, including compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI’s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 (as amended from time to time), provisions of the Foreign Exchange Management Act, 1999, provisions of the regulations issued by the Securities and Exchange Board of India, and any other guidelines, regulations and statutes as applicable.

LIC has been advised by RBI to acquire the aforesaid major shareholding in the Bank within a period of one year, i.e., by January 24, 2025.

Further, LIC must ensure that the aggregate holding in the Bank does not exceed 9.99 per cent of the paid-up share capital or voting rights of the Bank at all times.

(IANS)

Tags: HDFC Bank
ShareTweetSendSharePinShareSend
Previous Post

Kalinga Super Cup: Diego Mauricio’s Spot Kick Gives Odisha FC A Spot In The Final

Next Post

Pakistan Warns Ram Mandir Consecration ‘Significant Threat’ To ‘Regional Peace’

Related Posts

GDP
Business

India’s GDP Projected To Grow 6.5 Pc This Fiscal Over Robust Consumer Demand

August 30, 2025
Business

Govt Hikes Usage Charges Of Gunny Bags By 40 Pc In Relief To States, UTs

August 30, 2025
Trump
Business

Trump’s ‘Dead Economy’ Jibe Falls Flat As India’s GDP Growth Surges To 7.8 Pc

August 29, 2025
Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Next Post
Ayodhya

Pakistan Warns Ram Mandir Consecration 'Significant Threat' To 'Regional Peace'

Hamas Says Ready To Observe Ceasefire In Gaza If ICJ Issues Such Ruling

M.K. Sridhar: Wheelchair-Bound Educationist From K'taka Who Made It To Padma Shri

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.