
LIC ups stake in SBI to 9.49% via QIP route, buys over 6.1 crore shares worth Rs 5,000 crore
Life Insurance Corporation of India (LIC) has increased its stake in State Bank of India (SBI) from 9.21% to 9.49% by participating in the bank’s recently completed qualified institutional placement (QIP). LIC acquired over 6.1 crore shares at Rs 817 each, …