Question
After receiving permission from the Reserve Bank of
India, what percentage stake will LIC hold in HDFC Bank?Solution
LIC will now be able to buy up to 9.99 percent stake in HDFC Bank. The Reserve Bank of India has given permission to this government insurance company to increase its stake. In this matter, LIC had applied to RBI some time ago. At present LIC holds 5.19 percent stake in HDFC Bank.
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