Life Insurance Corporation of India (LIC) has augmented its shareholding in SBI Cards & Payments Services Limited from 4.99% to 5.02% of the paid-up capital through open market purchases. This acquisition, completed on February 9, 2024, marks LIC’s increased ownership in the non-banking financial company.
SBI Cards’ Share Performance:
In contrast, SBI Cards’ shares experienced a marginal decrease of less than 1%, ending at ₹712.50 apiece.
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