- LIC raised stake in IDFC First Bank.
- Life Insurance Corporation of India has increased its stake in IDFC First Bank from 0.20% to 2.68%.
- LIC bought 18,60,34,900 shares at an average price of Rs 80.63 via private placement offer on 4 June 2024.
- IDFC First Bank is a universal bank. It is an Indian private-sector bank. It was founded in 2015.
- It is headquartered in Mumbai. V. Vaidyanathan is its MD & CEO. Its shareholding pattern is given below (as of September 2023).
| Shareholders | Percentage |
| Promoters | 40.00 |
| Foreign Institutional Investors (FIIs) | 24.48 |
| Domestic Institutional Investors (DIIs) | 9.50 |
| Public Shareholding | 26.02 |
| Other | 2.22 |