LIC Gets RBI Approval To Raise ICICI Bank Stake To 9.99%; Key Details

“On September 4, 2026 at 9:09 pm, ICICI Bank Limited (the Bank) has received a copy of Reserve Bank of India (RBI ) letter dated the same day addressed to Life Insurance Corporation of India (the applicant) that it has accorded its approval to the applicant to acquire ‘aggregate holding’ of up to 9.9 9 per cent of the paid -up share capital or voting rights in the Bank within one year from the date of RBI approval letter, failing which RBI approval shall stand cancelled.”

source

Leave a Reply