Life Insurance Corporation of India (LIC) has increased its shareholding in ‘SBI Cards & Payments Services’. The company has increased its shareholding from 47,410,710 to 47,711,794 equity shares, i.e., 4.99% to 5.02% 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.