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RBI asks HDFC to reduce stake in insurance subsidiaries to 50%

Updated : May 18, 2020 08:56 AM IST

The stake in HDFC Ergo needs to be reduced within a period of six months from the date of the merger.
In the case of HDFC Life Insurance Company, the corporation needs to lower the stake by December 16, 2020.
RBI asks HDFC to reduce stake in insurance subsidiaries to 50%

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