LIC increases stake in State Bank of India

Life Insurance Corporation of India increased its equity stake in State Bank of India, raising its shareholding from 9.21% to 9.49% of the bank's paid-up capital.

The acquisition involved subscribing to 61.2 million equity shares through a Qualified Institutional Placement issue, costing INR 5000 crore at INR 817 per share. The transaction was completed on July 21, 2025.