LIC increases stake in Dena Bank, Andhra Bank
Insurance major Life Insurance Corporation (LIC) of India has increased its stake in public sector lenders Dena Bank and Andhra Bank through a preferential issue of shares. Post the sale, the stake of LIC in Dena Bank has increased to 14.5% from 11.63% while it now holds 14.39% stake in Andhra Bank against the earlier 10.15%. 