Life Insurance Corporation of India (LIC) has infused an additional capital to the tune of Sri Lankan Rupee (LKR) 500 million (around Rs 14 crore) in Life Insurance Corporation (Lanka). After allotment of shares, the shareholding of the Corporation will be increased from 90.91% (before allotment) to 93.75% (post allotment) in the said Company.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.