๐ฆ LIC gets RBI green light to boost HDFC Bank stake
The Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in HDFC Bank. This move involves LIC raising its holding percentage in the private sector bank. The specific details confirm the stake increase to 9.99% as per the recent regulatory clearance. This strategic move is part of LIC's broader investment portfolio adjustments within the financial sector. Further transactions related to this stake increase are expected to follow soon. ๐ฆ