Life Insurance Corporation of India (LIC) has boosted its shareholding in “SBI Cards & Payments Services Limited” from 4.99% to 5.02% of the paid-up capital. The acquisition, completed through open market purchases, resulted in LIC’s holding reaching the 5% mark on February 9, 2024.
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, LIC announced the increase in its shareholding from 47,410,710 to 47,711,794 Equity Shares, representing a rise from 4.99% to 5.02% of the paid-up capital of SBI Cards & Payments Services Limited.
Further details regarding this transaction, as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are available on LIC’s website and BSE website.
