HDFC AMC gets RBI nod to acquire up to 9.5% stake in Karur Vysya Bank

September 21, 2023

RBI approval is with a caveat that HDFC shall not exceed its holding in the bank beyond the 9.5% limit, an exchange filing said. If HDFC AMC’s aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more.

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