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Banks Can Fund Open Offers Post Selloffs

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BUSINESS STANDARD

The Reserve Bank of India (RBI) today allowed commercial banks to finance disinvestments of public sector undertakings (PSU) including the mandatory post divestment open offers.

The central bank has permitted banks to finance acquisition of shares of PSUs including the open offers to be made at the second stage

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First Published: Aug 17 2002 | 12:00 AM IST

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