Sunday, July 27, 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

Talk Fusion 2.0: The Smartest Business to Join in 2025

In today’s fast-paced digital economy, people are seeking smarter, faster, and more sustainable ways to generate income. As traditional job security fades and remote work...

How to Host a Tournament in 92 Pak Game

The Excitement of Organizing Your Own Tournament Hosting a tournament in the 92 Pak Game is more than just a competition—it’s a celebration of community, gaming...

Real Money Pokies Online Live Dealer Options

Real money pokies online have been a favorite among casino enthusiasts for years, offering thrilling gameplay and the chance to win actual cash prizes from...

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...

Most Popular

spot_img