Corporate News 05-Sep-23
Life Insurance Corporation infuses Rs 24.75 cr in LIC Mutual Fund Asset Management
Life Insurance Corporation of India has infused an incremental capital today i.e. 05 September 2023, in LIC Mutual Fund Asset Management in Rights Issue (fully paid-up equity shares of Rs.10,000 each) pursuant to the scheme of takeover/ merger transaction of IDBI Mutual Fund with LIC Mutual Fund Asset Management. 956 rights equity shares have been offered at an issue price of Rs.2,58,851 each for an aggregate amount of Rs 24.75 crore.
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