Life Insurance Corporation of India has increased its shareholding in Tata Motors from 16,59,48,741 to 16,61,98,741 Equity Shares i.e. from 4.997% to 5.004% of the paid-up capital. Holding of the company crossed 5% and the acquisition of shares were done during the period from December 03, 2021 to October 31, 2022 at average cost of Rs 455.69.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.