LIC Can Nearly Double Its ICICI Bank Stake to 9.99% — But Approval Is Not a Purchase
RBI has given LIC a one-year window to raise its aggregate holding from about 4.35%, creating flexibility rather than an obligation to buy immediately.
What changed, why it matters, and what most people may be overlooking.
RBI has given LIC a one-year window to raise its aggregate holding from about 4.35%, creating flexibility rather than an obligation to buy immediately.
The notable change is not simply the amount raised; it is that ten-year and longer money has become attractive to both issuers and long-horizon buyers.