MoneyWorks4Me

LIC hike stake in RIL by 2.09%

03 Mar 2015 Evaluate

Insurance behemoth Life Insurance Corporation of India (LIC) has increased its stake in Mukesh Ambani-led Reliance Industries (RIL) by 2.09 percent after buying 6.78 crore shares in the open market. At current market prices, state-run LIC’s stake in RIL is worth upwards of Rs 25,150 crore.

LIC, which had 6.98 percent stake earlier, increased its shareholding in the company to 9.08 percent by buying shares between January 23, 2010 and February 28, 2015.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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