Life Insurance Corporation of India (LIC) has increased its stake to 7.7 per cent in Dr Reddy's Laboratories (Dr. Reddy's lab) through purchase of 33.86 lakh shares from open market over a period of time. LIC earlier held around 5.65 per cent stake in the company. Between June 15, 2022 and September 30, 2022 LIC purchased 33.86 lakh shares of Dr. Reddy's lab aggregating 2.034 per cent stake from the open market.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.
