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RBI |
The HDFC Limited's affordable housing finance arm, Gruh Finance, was taken up by Bandhan Bank in a stock-swap deal in January.
After the announcement of the deal, an application was made to HDFC by the HDFC to hold shares in the Bank, HDFC Ltd said in a regulatory filing on Tuesday.
RBI on Monday approved the acquisition of the shareholding of bonded shares of 9.9% or less to HDFC, which is on the effective date of the scheme of amalgamation.
RBI on Monday approved the acquisition of the shareholding of bonded shares of 9.9% or less to HDFC, which is on the effective date of the scheme of amalgamation.
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