HDFC Bank group gets RBI nod to acquire upto 9.50% in Capital Small Finance Bank Limited

Capital Small Finance Bank Limited has received a letter from the Reserve Bank of India (RBI) dated January 3, 2025, addressed to HDFC Bank Limited. Through this letter, the RBI has granted its approval to HDFC Bank Limited, including its group entities - HDFC Mutual Fund, HDFC Life Insurance Co. Ltd., HDFC Pension Management Co. Ltd., HDFC ERGO General Insurance Co. Ltd., and HDFC Securities Ltd. - to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights of the Bank. This approval is valid for a period of one year from the date of the said letter, after which it shall automatically lapse if the acquisition is not completed within the specified timeframe.

Source : Equity Bulls

Keywords

CapitalSmallFinanceBank RBI Approval HDFCBank StakeAcquisition