LIC increases stake in SBI Card

Life Insurance Corporation of India ("the Corporation") has increased its shareholding in "SBI Cards & Payments Services Limited" from 47,410,710 to 47,711,794 Equity Shares, i.e., 4.99% to 5.02% of the paid-up capital of the said Company.

SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India.

Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 1022.30 as compared to the previous close of Rs. 1080.85. The total number of shares traded during the day was 1113201 in over 35926 trades.

The stock hit an intraday high of Rs. 1150.00 and intraday low of 1010.70. The net turnover during the day was Rs. 1205114359.00.

Shares of SBI Cards and Payment Services Limited was last trading in BSE at Rs. 712.50 as compared to the previous close of Rs. 718.30. The total number of shares traded during the day was 131580 in over 2245 trades.

The stock hit an intraday high of Rs. 719.75 and intraday low of 709.50. The net turnover during the day was Rs. 93872858.00.

Source : Equity Bulls

Keywords

LIC LifeInsuranceCorporationofIndia INE0J1Y01017 SBICardsandPaymentServices INE018E01016 StakeIncrease