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LIC raises State Bank stake to 9.16%

LIC raises State Bank stake to 9.16%
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First Published: Fri, Mar 13 2009. 12 56 PM IST
Updated: Fri, Mar 13 2009. 12 56 PM IST
Mumbai: State-run Life Insurance Corp of India has raised its stake in top bank State Bank of India by 2.12% to 9.16% through market purchases, the state-run lender said in a stock exchange filing.
LIC bought 13.46 million shares between mid November and early March, the filing showed.
Last month, India’s second largest bank, ICICI Bank, said LIC had increased its stake in the private lender to 9.38%.
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First Published: Fri, Mar 13 2009. 12 56 PM IST