Life Insurance Corporation of India (LIC) has increased its shareholding in ‘Hero Motocorp’ from 1,83,10,233 to 2,24,91,571 equity shares. With this, the company's shareholding increased from 9.163% to 11.256% of the paid-up capital of Hero Motocorp.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.