LIC increases stake in SBI Cards & Payments Services Limited:

Daily Current Affairs / LIC increases stake in SBI Cards & Payments Services Limited:

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Category : Business and economics Published on: February 15 2024

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Life Insurance Corporation of India (LIC) has boosted its shareholding in “SBI Cards & Payments Services Limited” from 4.99% to 5.02% of the paid-up capital.
The acquisition, completed through open market purchases, resulted in LIC’s holding reaching the 5% mark on February 9, 2024.

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LIC increases stake in SBI Cards & Payments Services Limited: