RBI approves LIC to acquire up to 9.99% stake in ICICI Bank
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LIC Receives RBI Approval to Acquire Up to 9.99 Pc Stake in ICICI Bank
Get latest articles and stories on Business at LatestLY. Public sector insurer Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India (RBI) to acquire an aggregate holding of up to 9.99 per cent of the paid-up share capital or voting rights in private lender ICICI Bank, according to a regulatory filing. Business News | LIC Receives RBI Approval to Acquire Up to 9.99 Pc Stake in ICICI Bank.
The Economic Times
Times of IndiaRBI 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 subject to compliance with all applicable regulatory provisions.
New Delhi: Public sector insurer Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India (RBI) to acquire up to 9.99 per cent of the paid-up share capital or voting rights in private lender ICICI Bank, according to a regulatory filing. According to the exchange filing, ICICI Bank will acquire up to 9.99 per cent of the paid-up share capital or voting rights on September 4, 2026 at 9:09 pm […] Suresh Parikh
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