LIC gets RBI approval to acquire up to 9.99% of ICICI Bank’s paid-up share capital or voting rights within one year from September 4.

The bank's shareholding in ICICI Life stands at approximately 52.8%

The Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's share capital. This approval is valid for…

LIC gets RBI approval to acquire up to 9.99% of ICICI Bank’s paid-up share capital or voting rights within one year from September 4.