Life Insurance Corporation of India (LIC) has increased its shareholding in equity shares of IDFC First Bank from 1,42,01,484 to 20,02,36,384, on preferential basis, i.e., 0.20% of the pre-issue paid-up capital to 2.68% of the post issue paid-up capital of the said Bank. IDFC First Bank is engaged in business of banking services.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.