Will HDFC group go ahead and acquire 9.5% stake in all the 6 banks?
Tue, Feb 6, 2024 2:54 PM

Will HDFC group go ahead and acquire 9.5% stake in all the 6 banks?

A Flip by Shubhangi Gupta
Get it on Google Play
HDFC Bank has received RBI approval to increase its stake in six banks by up to 9.5% over the next year. This is a positive sentiment for these banks, but does not guarantee that HDFC will reach the 9.5% limit. The approval allows the HDFC group to acquire up to 9.99% stake in banks, with the current holdings at around 3-4%.

More great flips

Indobell Insulation IPO allotment likely to be out today

Indobell Insulation IPO allotment likely to be out today

Indobell Insulation IPO allotment status is set to be announced today, January 9, with refunds expected on January 10 and listing on January 13. The IPO was oversubscribed 54.13 times, with a grey market premium of ₹17, indicating a possible listing price of ₹63. Investors can check allotment status through the registrar or BSE websites.

Open Flip
Sensex and Nifty in Red on January 9, 2025

Sensex and Nifty in Red on January 9, 2025

The Indian Benchmark Index Sensex and Nifty is trading in Red on January 9, 2024. At 1:48 pm, Sensex is currently trading at 77,644 (-0.64%) which is a 504 points slide than the previous close. Nifty is currently trading at 23,535 (-0.65%) which is a 153 points dip than the previous close. HUL, Nestle, M&M, Kotak Mahindra, Asian Paints, Bharti Airtel and HCL Tech are top gainers.

Open Flip
Multibagger stock Borosil Renewables share price hits 5% upper circuit

Multibagger stock Borosil Renewables share price hits 5% upper circuit

Borosil Renewables' shares surged 40% in 6 weeks, locked in a 5% upper circuit for the third consecutive day, after the company announced a 50% expansion in its solar glass manufacturing capacity, driven by the government's move to impose a "reference price" on imports from China and Vietnam, aimed at curbing cheap and dumped imports.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon