[ad_1] Life Insurance Corporation of India (LIC), the country’s largest life insurer, is exploring the acquisition of a significant stake in a health insurance company. Earlier this month, LIC CEO Siddhartha Mohanty stated that the insurer was in advanced discussions and could make an announcement before March 31. However, sources familiar with the matter told […]
LIC increases stake in Bank of Maharashtra to 7.10% via QIP – CNBC TV18
[ad_1] The Life Insurance Corporation of India (LIC) has raised its shareholding in the Bank of Maharashtra from 4.05% to 7.10%, as announced in an exchange filing on Saturday (October 5). This increase followed the allotment of 25.96 crore equity shares through a Qualified Institutional Placement (QIP). With this move, LIC’s stake in the bank […]