LIC gets RBI approval for up to 9.99% stake in ICICI Bank
RBI has approved Life Insurance Corporation of India (LIC) to acquire up to a 9.99% stake in ICICI Bank. Shares of both LIC and ICICI Bank are expected to be in focus when trading resumes Monday.
Stocks to watch, Sept.
5 -- When trading resumes on Dalal Street on Monday, shares of Life Insurance Corporation (LIC) of India and ICICI Bank will be on the radar of Indian stock market investors.
The reason for this is the big acquisition update.
The Reserve Bank of India (RBI) has approved LIC's…