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LIC hikes stake in Rural Electrification Corporation to 7.029%

06 Jun 2015 Evaluate

Life Insurance Corporation of India (LIC), the country’s largest insurer, has acquired over 2% stake in the Rural Electrification Corporation (REC) taking its overall shareholding in the firm to more than 7%.

The country’s largest insurer has acquired an additional 2.023% stake in REC between September 2013 and June 2015 through the open market. Post acquisition, LIC’s stake in the state-owned REC has risen to 7.029%.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.



REC Share Price

359.35 -0.35 (-0.10%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 461.00
REC 359.35
Indian Railway Fin. 106.05
NHIT 160.00
Satin Creditcare 212.55
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