LIC jumps on increasing stake in HDFC to over 5%
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Life Insurance Corporation of India is currently trading at Rs. 653.50, up by 1.75 points or 0.27% from its previous closing of Rs. 651.75 on the BSE.
The scrip opened at Rs. 648.35 and has touched a high and low of Rs. 657.70 and Rs. 648.35 respectively. So far 75541 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 17-May-2022 and a 52 week low of Rs. 588.00 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 658.50 and Rs. 636.55 respectively. The current market cap of the company is Rs. 414540.35 crore.
The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 1.09% and 2.42% respectively.
Life Insurance Corporation of India (LIC) has increased its stake in Housing Development Finance Corporation (HDFC) to over 5 per cent following the acquisition of shares from the open market. The Corporation’s shareholding in Housing Development Finance Corporation increased from 9,09,41,010 to 9,11,55,010 Equity Shares increasing its shareholding from 4.991% to 5.003% of the paid-up capital of the said Company. There is an increase of 0.012% in holding on dated December 02, 2022.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
