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LIC hikes stake in SBI to 10%

LIC hikes stake in SBI to 10%
PTI
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First Published: Tue, Aug 11 2009. 07 41 PM IST
Updated: Tue, Aug 11 2009. 07 41 PM IST
Mumbai: Life Insurance Corporation of India( LIC) has hiked its stake in State Bank of India (SBI), to 10.02%, through an open market transaction.
LIC has purchased 1,90,000 shares representing 0.03% stake in SBI, it said in a disclosure on the Bombay Stock Exchange.
Prior to the said purchase, the company held 9.99% stake and now it holds 10.02% stake.
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First Published: Tue, Aug 11 2009. 07 41 PM IST