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lic sbi stake increase

LIC ups stake in SBI to 9.49% via QIP route, buys over 6.1 crore shares worth Rs 5,000 crore

21 July 2025 by Admin
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, amounting to a total investment of ₹5,000 crore.SBI on Monday allotted over 30.59 crore … Read more

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