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HDFC AMC stocks soar after RBI’s nod to acquire stake in Karur Vysya Bank and DCB Bank
Updated: September 21, 2023 02:06 PM IST
HDFC Asset Management Company (HDFC AMC) has received the RBI's approval to acquire up to 9.5% stake in Karur Vysya Bank and DCB Bank each. This news has led to a surge in the stock prices of both banks, with Karur Vysya Bank rising by 1.57% and DCB Bank soaring by 3.47%.
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