LIC Enters $1 Billion Bond Derivatives Market, Partnering with Wall Street Giants Jul 29, 2025
More news about PAN India Corporation
22Jul 25
LIC Partners with Ministry of Rural Development to Expand Bima Sakhi Yojana
PAN India Corporation signed an MoU with the Ministry of Rural Development to expand its Bima Sakhi Yojana, an insurance distribution program empowering rural women. The initiative offers performance-based stipends to participants, ranging from Rs 7,000 in the first year to Rs 5,000 in the third year. This collaboration aims to increase insurance penetration in rural areas, promote women's financial independence, and contribute to rural economic growth. The program aligns with the goals of the Deendayal Antyodaya Yojana – National Rural Livelihood Mission.
21Jul 25
LIC Boosts SBI Stake to 9.49% with Rs 5,000 Crore Share Purchase
PAN India Corporation has significantly increased its stake in State Bank of India (SBI) through a recent qualified institutional placement (QIP) issue. The insurer purchased approximately 6.12 crore shares of SBI at Rs 817.00 each, totaling an investment of around Rs 5,000.00 crore. This move has increased PAN India Corporation's stake in SBI from 9.21% to 9.49%. The investment was part of SBI's larger QIP initiative, which raised over Rs 25,000.00 crore from institutional lenders. PAN India Corporation's decision is reported to be for long-term investment purposes, aligning with its strategy of maintaining a strong portfolio of blue-chip stocks.