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RBI greenlights ICICI AMC's 9.95 per cent stake acquisition in Federal Bank

The Federal Bank Ltd (“Bank”) has received an intimation from the Reserve Bank of India (“RBI”) on December 28, 2023, that it has accorded its approval to ICICI Prudential Asset Management Company Ltd. (ICICI AMC) for acquiring aggregate holding of up to 9.95% of the paidup Share Capital or Voting Rights of the Bank subject to the conditions specified therein, the bank said in a release. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Reserve Bank Of India , The Federal Bank , Icici Prudential Asset Management Company , Icici Amc ,

RBI greenlights ICICI AMC's 9.95 per cent stake acquisition in Federal Bank, RBL Bank & Equitas Small Finance Bank

The Federal Bank Ltd (“Bank”) has received an intimation from the Reserve Bank of India (“RBI”) on December 28, 2023, that it has accorded its approval to ICICI Prudential Asset Management Company Ltd. (ICICI AMC) for acquiring aggregate holding of up to 9.95% of the paidup Share Capital or Voting Rights of the Bank subject to the conditions specified therein, the bank said in a release. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Reserve Bank Of India , The Federal Bank , Icici Prudential Asset Management Company , Icici Amc ,