Life Insurance Corporation of India (LIC) has raised its stake in Mphasis. The Corporation’s shareholding in Mphasis has increased from 94,12,589 to 95,30,789 equity shares, increasing its shareholding from 4.991% to 5.054% of the paid-up capital of the said Company.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.