Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 89)
89.
Which financial institution increased its stake in IDFC First Bank to 2.68%?
Answer: Option
Explanation:
Life Insurance Corporation of India (LIC) raised its stake in IDFC First Bank to 2.68% by acquiring additional shares through a private placement offer. This move underscores LIC's strategy to strengthen its investment portfolio in the banking sector, enhancing its position as a major shareholder in IDFC First Bank.
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