Life Insurance Corporation of India’s (LIC) shareholding in Divis Laboratories has crossed 5 per cent as it has purchased additional shares for Rs 35.82 crore. Its shareholding in Divis Laboratories has increased from 4.992 per cent to 5.032 per cent as the number of shares held by it in the company rose from 1,32,54,663 to 1,33,60,663. Holding in the company crossed the 5 per cent mark on November 7, 2022. The acquisition of shares was done at an average price of Rs 3,379.01.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
