MoneyWorks4Me

LIC raises stake in Infosys to 4.81%

20 Apr 2015 Evaluate

State-owned life insurer, Life Insurance Corporation of India (LIC) has increased its stake in Infosys to 4.81%, purchasing shares worth over Rs 300 crore in the January-March quarter. This is the fourth consecutive quarter of share purchase by LIC in the software services firm. LIC held 4.69% stake in Infosys during the October-December quarter.

However, domestic institutional investors’ (DIIs)  holding in Infosys declined to 15.1%, from 15.28%, while foreign institutional investors’ (FIIs) stake dropped to 37.96% from 41.58%.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

 

Peers
Company Name CMP
TCS 2163.00
Infosys 1024.05
HCL Technologies 1214.30
Wipro 162.70
Tech Mahindra 1517.05
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