Tuesday, July 8, 2025
HomeStocksCanara Bank gets RBI nod to divest stake in Canara Robeco AMC,...

Canara Bank gets RBI nod to divest stake in Canara Robeco AMC, Canara HSBC Life Insurance via IPO

-

[ad_1]

Banking regulator Reserve Bank of India (IPO) has given its nod to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company by 13% and 14.5% respectively through Initial Public Offer (IPO).

In its filing to the exchanges on Thursday, the state-lender informed about receiving a letter from RBI on the same. Further, the Indian central bank has intimated the Canara Bank that it is required to adhere to the October 31, 2029 timeline for bringing its stake in these entities up to 30% in accordance with the exemption granted by the Government of India.

Following this, Canara Bank said that it will initiate the process of IPO and will keep the exchanges informed about the material developments in this regard.

More to come…

[ad_2]

Source link

LATEST POSTS

Ceritafilm Explores the Heart of Every Movie Through Story Reviews

Introducing ceritafilm: Where Movies Meet Meaningful Stories In a world flooded with movie ratings, short reviews, and spoiler-filled discussions, https://ceritafilm.com stands out by offering something truly...

Turn Health into Wealth with LifeWave X39

In today’s world, people are searching for two things more than ever:✅ Better health✅ Financial freedom With LifeWave X39, you don’t have to choose — you...

Soft Play Bus Essex with Squeeze Rollers & Dizzy Discs – A Fun-Filled Mobile Adventure

In today’s world of children’s entertainment, finding activities that combine physical play with safety and creativity can be a challenge. The Soft Play Bus Essex offers a...

The Mobile Spa Trend: Pamper Bus Fun for Little Fashionistas

A New Way to Celebrate in StyleThe world of children’s parties has transformed over the years, with themed events becoming more elaborate, creative, and personalized....

Most Popular

spot_img