Corporate News     21-Sep-23
HDFC AMC receives RBI nod for acquisition of up to 9.5% stake in five banks
HDFC Asset Management Company announced that the company is in receipt of the approval letter dated 20 September 2023 from the Reserve Bank of India (RBI) on the captioned subject which enables the Company to acquire an aggregate holding of upto 9.5% of the paid-up share capital or voting rights of each of the banks viz. DCB Bank, Equitas Small Finance Bank, The Federal Bank, Karur Vysya Bank and City Union Bank.
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