LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management
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Life Insurance Corporation of India is currently trading at Rs. 774.00, up by 0.20 points or 0.03% from its previous closing of Rs. 773.80 on the BSE.
The scrip opened at Rs. 774.05 and has touched a high and low of Rs. 783.90 and Rs. 771.10 respectively. So far 181223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.35 on 08-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 803.35 and Rs. 679.25 respectively. The current market cap of the company is Rs. 489206.95 crore.
The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 0.94% and 2.56% respectively.
Life Insurance Corporation of India (LIC) has received approval from board of directors to infuse Rs 25 crore in LIC Mutual Fund Asset Management on a preferential basis. The Board of Life Insurance Corporation of India, at their meeting held on December 11, 2023, has approved the same.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.
