DCB Bank Receives RBI Approval for ICICI Prudential AMC to Acquire Up to 9.95% Stake
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in DCB Bank Limited. This regulatory clearance follows a formal application by the AMC and remains subject to compliance with the Banking Regulation Act.
RBI Grants Approval to ICICI Prudential AMC for 9.95% Stake Acquisition in CSB Bank
The Reserve Bank of India has authorized ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in CSB Bank Limited. This regulatory clearance allows the asset manager to increase its stake through paid-up share capital or voting rights, contingent upon compliance with the Banking Regulation Act.
LIC Receives RBI Approval to Raise Stake in ICICI Bank to 9.99 Percent
The Reserve Bank of India (RBI) has granted approval to the Life Insurance Corporation of India (LIC) to increase its stake in ICICI Bank to 9.99%. This regulatory nod allows LIC to acquire additional shares or voting rights within a one-year window, reinforcing institutional participation in the private sector lender.
Gaja Alternative Asset Management Secures SEBI Approval for India Fund V AIF
Gaja Alternative Asset Management Limited has received formal SEBI registration for Gaja Capital India Fund V, a Category II Alternative Investment Fund. The company will serve as the investment manager for this vehicle, which is designed to drive the firm's next phase of growth strategies.
Biocon Biologics Receives Japan MHLW Approval for Pegfilgrastim Biosimilar Marketing
Biocon Biologics, a subsidiary of Biocon Limited, has received marketing authorization from Japan's Ministry of Health, Labour and Welfare for its Pegfilgrastim biosimilar. The product, a biosimilar to Neulasta, will be exclusively promoted and distributed in Japan by Sandoz K.K.
Bondada Engineering Secures CEA Approval for 300 MW Solar Project in Khavda
Bondada Engineering Limited has achieved a critical regulatory milestone with the receipt of energization approval from the Central Electricity Authority (CEA). This clearance pertains to a 300 MW grid-connected solar power project in Khavda, Gujarat, being executed for NLC India Renewables Limited.
Wanbury Ltd Submits DMFs for Global API Launch; Patalganga Unit Receives Zero Observations
Wanbury Limited has initiated expanded regulatory submissions for the global launch of new Active Pharmaceutical Ingredients (APIs). The company filed Drug Master Files for Diphenhydramine HCl and Paroxetine HCl across several international markets while its Patalganga manufacturing facility successfully cleared a Korea MFDS audit.
HDFC Bank Receives RBI Approval for 9.95% Stake in ICICI and Kotak Mahindra Bank
The Reserve Bank of India has permitted HDFC Bank group entities to increase their aggregate shareholding in ICICI Bank and Kotak Mahindra Bank to 9.95%. This regulatory clearance allows units like HDFC Mutual Fund and HDFC Life to maintain strategic investment positions within their normal course of business.
Omaxe Ltd Subsidiary Secures UP RERA Registration for Two Commercial Blocks in Lucknow
Omaxe Ltd’s wholly-owned subsidiary, M/s Omaxe Garv Buildtech Private Limited, has received RERA registration certificates for two commercial blocks in Lucknow, Uttar Pradesh. These approvals for Commercial-3 Block-1 and Block-2 allow the company to commence marketing, sales, and transfer activities for the project through December 2030.