MoneyWorks4Me

LIC increases stake in HDFC to over 5%

06 Dec 2022 Evaluate

Life Insurance Corporation of India (LIC) has increased its stake in Housing Development Finance Corporation (HDFC) to over 5 per cent following the acquisition of shares from the open market. The Corporation’s shareholding in Housing Development Finance Corporation increased from 9,09,41,010 to 9,11,55,010 Equity Shares increasing its shareholding from 4.991% to 5.003% of the paid-up capital of the said Company. There is an increase of 0.012% in holding on dated December 02, 2022.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

Peers