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LIC hikes stake in Nestle India

23 Aug 2017 Evaluate

Country’s largest insurer, Life Insurance Corporation (LIC) has acquired 40,000 shares in Nestle India through an open market purchase on August 21, as a result of which the total holding of the insurance behemoth has gone up to 5.01%. LIC previously had 4,79,54,35 shares in Nestle India, accounting for 4.97%.

Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.



Peers
Company Name CMP
Nestle India 1354.70
Varun Beverages 432.20
Britannia Industries 4907.15
LT Foods 424.60
Hatsun Agro Product 1136.10
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