RBI grants approval to LIC to up stake in IndusInd Bank to nearly 10 pc
The bank has received an intimation from the RBI on December 9, 2021, that it has granted its approval to Life Insurance Corporation (LIC), shareholder of the bank to acquire up to 9.99 per cent of the total issued and paid up capital of the bank, the bank said in a regulatory filing on stock exchanges.
Reliance Commercial Finance debt holders okay sale to Authum Investment"The voting lines closed last evening and according to the results which are not yet public, just above 75% of those that voted have supported the plan. However, it is too early to say whether this will be enough to implement the resolution as the matter is still in court," said a person familiar with the vote.
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