Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 295)
295.
Which company increased its stake in SBI Cards & Payments Services Limited on February 9, 2024?
HDFC Asset Management Co. Ltd
UTI Asset Management Co. Ltd
Aditya Birla Sun Life Insurance Co. Ltd
Life Insurance Corporation of India
Answer: Option
Explanation:
LIC, the Life Insurance Corporation of India, has increased its shareholding in SBI Cards & Payments Services Limited from 4.99% to 5.02% through open market purchases. This move signifies LIC's enhanced ownership in the non-banking financial company.
Discussion:
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