Life Insurance Corporation of India has hiked its stake to 9.38 per cent in the country's largest private sector lender, ICICI Bank, after purchasing shares worth Rs 145.62 crore through open market transaction.
In a disclosure on the Bombay Stock Exchange, ICICI Bank said LIC has purchased over 2.27 crore shares for Rs 145.62 crore, representing 2.04 per cent stake.
Before the purchase, LIC held 7.34 per cent stake, while now it has over 10.44 crore shares representing 9.38 per cent stake in the bank.
