India: LIC hikes stake in state-run UBI to over 5%

India: LIC hikes stake in state-run UBI to over 5%

India Gate. Photo: Abhidev Vaishnav/unsplash

The Life Insurance Corporation of India (LIC) has hiked its stake to 5.06% in state-run Union Bank of India with acquisition of nearly 2% additional stake in the bank.

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