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ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lender
ICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. Despite recent weakness, ICICI Bank has gained 6% in 2026, with strong long-term returns. Major brokerages remain bullish on the stock.
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economictimes.indiatimes.com
RBI approves LIC to acquire up to 9.99% stake in ICICI Bank
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…
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thehindubusinessline.com
LIC gets RBI approval to acquire up to 9.99% stake in ICICI Bank
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.
