Life Insurance Corporation of India (LIC) has infused an incremental capital on September 05, 2023 in LIC Mutual Fund Asset Management in Rights Issue (Fully paid-up Equity Shares of Rs 10,000 each) pursuant to the scheme of takeover/ merger transaction of IDBI Mutual Fund with LIC Mutual Fund Asset Management. Each equity share has been offered at an Issue Price of Rs 2,58,851 each. There will be no change in shareholding percentage after Rights Issue. 956 shares will be issued to LIC of India.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
