Life Insurance Corporation of India (LIC), country’s largest domestic institutional investor, has acquired over six crore shares or 2.05 per cent stake in Adani Power (APL) during the June quarter. The total DII holding in the company is 2.57 per cent.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
