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FIPB to reconsider ICICI’s proposal

NEW DELHI: The Foreign Investment Promotion Board will consider again a proposal by ICICI Bank to divest 24 per cent stake in ICICI Financial Services, the bank’s holding firm for insurance business, at its meeting on Friday. The board will also take up Standard Chartered Bank’s proposal to pick up stake in UTI Securities, PTI reports, quoting a Finance Ministry source.

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