This bit of today's news I didn't find mentioned anywhere here. I found it to be interesting, so here goes (mods please merge it with any existing thread on this topic, or just delete it if deemed uninteresting or redundant):.
HDFC have been allowed to buy upto 9.5% shares each of ICICI, Axis, IndusInd, Bandhan, Yes Bank and Suryoday SFB. The stake purchase must be completed within one year.
Stock prices of some target banks jumped up as a consequence of this announcement (e.g. Yes Bank gained 13%).
HDFC have been allowed to buy upto 9.5% shares each of ICICI, Axis, IndusInd, Bandhan, Yes Bank and Suryoday SFB. The stake purchase must be completed within one year.
Stock prices of some target banks jumped up as a consequence of this announcement (e.g. Yes Bank gained 13%).
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