The Life Insurance Corporation of India (LIC) has increased its paid-up share in SBI Cards and Payments Services, a non-banking financial company, to over 5.02% from 4.99%.
Economy Business
The Life Insurance Corporation of India (LIC) has increased its paid-up share in SBI Cards and Payments Services, a non-banking financial company, to over 5.02% from 4.99%. LIC, acting as an investor, has bought over three lakh shares of SBI Cards and Payments Services recently. The average cost per share was ₹716.
Following this purchase, LIC’s shareholding in SBI Cards has risen from 4.99% to 5.02%. This translates to an increase from 47,410,710 to 47,711,794 equity shares.
SBI Cards and Payment Services Private Limited (SBICPSL)
Established- 1988; HQ- Gurgaon, Haryana
MD&CEO- Abhijit Chakravorty
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