shareholding

SoftBank cuts stake in Paytm to under 3%

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[ MUMBAI: SoftBank has cut another 2.1% stake in Paytm, reducing its shareholding in the fintech firm to 2.8%, the company said in a recent stock exchange filing. The Japanese investment behemoth which bets heavily on tech firms had invested over $1 billion into Paytm and held about 18% stake in the Noida-based company at … Read more

LIC gets approval to buy 9.99% in HDFC Bank – Latest News | India Business News

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[ MUMBAI: HDFC Bank said on Thursday that RBI has allowed LIC to increase its stake in the bank up to 9.99%.This is an enabling provision in line with RBI norms of shareholding of private banks. RBI has separate fit-and-proper guidelines for companies that are allowed up to 5% stake and for entities holding from … Read more