LIC raises stake in IDFC First Bank by 0.2% to 2.68% via private placement
State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender’s shares at a price of Rs 80.63 apiece. The total cost of acquisition is Rs 1,500 crore. The number of shares have been raised from 1.42 crore to 20 crore on a preferential basis, … Read more
