Stocks to watch, Sept. 5 -- When trading resumes on Dalal Street on Monday, shares of Life Insurance Corporation (LIC) of India and ICICI Bank will be on the radar of Indian stock market investors. The reason for this is the big acquisition update. The Reserve Bank of India (RBI) has approved LIC's acquisition of up to a 9.99% stake in ICICI Bank within one year of the RBI's approval letter. ICICI Bank informed of the acquisition update in an exchange filing on Saturday, following receipt of the RBI letter late on Friday evening.

ICICI informed the Indian stock market exchanges about the RBI approval letter on Saturday, saying, "On September 4, 2026 at 9:09 PM, ICICI Bank Limited (the Bank) has received a copy of Reserve Bank of India (R...