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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. ....
Karur Vysya Bank: Jhunjhunwala held 4.50 per cent stake while Ashish Dhawan (1.3 per cent stake) and Mukul Agrawal (1.25 per cent) also held over one per cent stake in the bank at the end of June quarter.
RITES shares will turn ex-dividend on Monday. The company had announced an interim dividend of Rs 3.75 per share. Monday would also be the record date for the purpose of determining the name of the eligible shareholders for dividend. ....
Stocks to watch this week: A host of stocks would be in focus this week on account of corporate actions and quarterly earnings. SBI, Berger Paints, ZEEL, ITC, BHEL, Karur Vysya Bank, M&M & Lloyds Metals are among stocks to watch this week (August 7-11). ....
Shares of Karur Vysya Bank have rallied more than 500 per cent in the last three years and analysts see another rise of 50 per cent in the counter. ....