State-run insurer Life Insurance Corporation of India (LIC) has acquired 2.32% stake in Infosys for an estimated price of Rs 3,300 crore. The insurer’s holding in IT major has gone up during all the three quarters so far in the current fiscal.
Following the said acquisition, LIC’s stake in the company has gone up to 7.24% from 4.92% stake at the beginning of the current fiscal.
In the last quarter of previous fiscal, January-March 2012, LIC had pared its holding marginally from 5.17% to 4.92%. However, it rose to 6.28% in the April-June quarter of 2012, while it went up further to 6.60% in the July-September quarter, before rising to 7.24% as on December 31, 2012.
