LIC Receives RBI Approval to Raise Stake in ICICI Bank to 9.99 Percent
RBI grants approval to LIC to acquire up to 9.99% stake in ICICI Bank. The acquisition must be completed within one year. ICICI Bank's TTM net profit is ₹56,090 Cr.
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Straight from the exchange filing
RBI grants approval to LIC to acquire up to 9.99% stake in ICICI Bank. The acquisition must be completed within one year. ICICI Bank's TTM net profit is ₹56,090 Cr.