'This is to inform that the Life Insurance Corporation of India has been acquired the equity shares of State Bank of India.'.
LICI · price
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LIC has acquired additional equity shares of State Bank of India, subscribing to SBI's Qualified Institutional Placement (QIP). LIC bought 6,11,99,511 shares at Rs. 817 per share, totalling Rs. 5,000 crore. As a result, LIC's shareholding in SBI increased from 9.21% to 9.49% of paid-up capital. The acquisition was made as a long-term investment during market hours on July 21, 2025. Share credit is expected by July 23, 2025, with listing on July 24, 2025.
This signals strong institutional confidence in SBI by India's largest domestic insurer and is likely to be viewed positively by SBI shareholders. The creeping stake increase to 9.49% means LIC is nearing the 10% disclosure threshold, which could trigger further regulatory reporting if crossed in the future.