LIC is top investor in QIP fundraise of 4 public banks, buys nearly a quarter of issues

Life Insurance Corporation of India has become the top investor in the share sales of UCO Bank, Central Bank of India, Indian Overseas Bank, and Punjab & Sind Bank. These banks collectively raised ₹6,155 crore. Other investors include SBI Life Insurance, ICICI Prudential Life Insurance, IIFL Finance, pension funds, and state-owned banks.