RBI Approves LIC Stake Hike in HDFC Bank

Upstox · breaking-news

HDFC Bank shares saw a 1% increase following the Reserve Bank of India's approval for LIC to raise its stake to 9.99%. This development, announced by HDFC Bank in a stock exchange filing, places both companies' shares in focus. The RBI's green light allows LIC to increase its holding in the private sector lender, a significant move for both financial institutions.