New Delhi, December 10
IndusInd Bank on Friday said the RBI has given approval to LIC to hike stake in the bank to nearly 10%. LIC holds 4.95% of the total issued and paid-up capital of the bank. The RBI approval is subject to the compliance with the direction on ‘Prior Approval for Acquisition of Shares and Voting Private Sector Banks’ and SEBI norms. — PTI
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