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Investment companies are companies holding shares, bonds debentures and is categorizes as NBFCs by the RBI.
Core Investment Company (CIC) is a non banking financial company carrying on the business of acquisition of shares and securities and which
(a) holds not less than 90 per cent of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies and
(b) its investments in the equity shares in group companies constitutes not less than 60 per cent of its net assets as on the date of the last audited balance sheet.