LIC-backed multibagger bank stock trading below Rs 50 announces rights issue at a substantial discount of 34 per cent; Don't miss out! LIC-backed multibagger bank stock trading below Rs 50 announces rights issue at a substantial discount of 34 per cent; Don't miss out! Bank has seen significant interest from institutional investors, with Life Insurance Corporation of India holding 53,369,232 shares Karan Dsij / Thursday, February 22, 2024 / Article rating: 3.5 The stock has delivered impressive returns, with a multibagger growth of 101.5 per cent over the past year and a staggering surge of nearly 288 per cent over the last three years.