Harsh Mariwala-backed LIC’s portfolio is poised for a breakout, making it a promising addition to your watchlist.

Indian Overseas Bank has successfully raised 1,436 crore rupees through the Qualified Initial Public Offer (QIP) route, with Life Insurance Corporation (LIC), IIFL Finance, and State Bank of India’s Pension Fund emerging as the top investors.

Indian Overseas Bank (IOB) has successfully raised Rs 1,436 crore through the Qualified Institutional Placement (QIP) route. The QIP, which was oversubscribed, received bids worth Rs 2,236 crore, indicating strong investor interest in the bank’s stake sale. LIC,...