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LIC hikes stake in IDFC First Bank

04 Jul 2024 Evaluate

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.


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