Life Insurance Corporation of India (LIC) has increased its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of the paid up capital of the company.
The new shares were acquired between June 10, 2022 to October 28, 2022 at an average cost of Rs 724.74 apiece. Capri Global caters to different segments like MSME, construction, finance, affordable housing and indirect retail lending segments.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
