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A Super Bowl advert had sparked new scrutiny of the smart doorbell company's privacy practices.
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The regulator said banks are allowed to refinance a target company's existing debt where such refinancing is "integral to the acquisition finance."
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Two banks have already shown interest. Bank of Baroda and ICICI Bank's applications have come, Axis Bank's is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.
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News and Media
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