Name: Dayco Securities
Address: Poddar Point, North Block, th Floor, 113 Park Street, Kolkata, 700 016, IN
Telephone: +91 33 4067 5066

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As on (27 Jul 2024 | 08:30)

Back To Homepage As on (27 Jul 2024 | 08:30)

IndusInd Bank update on RBI approval to SBI MF for acquisition of up to 9.99% stake	Back
(14 Oct 2023)
IndusInd Bank announced that Reserve Bank of India (RBI) while granting approval to SBI MF for acquisition of 9.99% of the paid-up share capital or voting rights in IndusInd Bank, has also conveyed to SBI MF that if they fail to acquire major shareholding in the Bank within a period of one year from the date of 10 October 2024, the RBI approval shall stand cancelled. Further, SBI MF must ensure that the aggregate holding in the Bank does not exceed 9.99% of the paid-up share capital or voting rights of the Bank at all times.
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