Question
Which investment firm has received RBI approval to raise
its stake in AU Small Finance Bank?Solution
Zulia Investments Pte. Ltd., a subsidiary of Temasek Holdings, has received RBI approval to acquire up to a 7% stake in AU Small Finance Bank. The approval is valid for one year, and the acquisition must comply with RBI, SEBI, FEMA 1999, and Banking Regulation Act guidelines.
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