Confidence Cast in Rupees—LIC Strengthens SBI Bond

Unknown Apr 02, 2026 750 Views

Life Insurance Corporation of India (LIC) has significantly expanded its stake in State Bank of India (SBI), acquiring shares worth ₹50 billion at ₹817 apiece. This strategic move elevates LIC’s total shareholding in SBI to 9.49%, reinforcing its position as a key institutional investor in...