Life Insurance Corporation of India (LIC) has hiked its shareholding in Indian Railway Catering and Tourism (IRCTC). The corporation’s shareholding in IRCTC has increased from 4,00,42,625 to 5,82,22,948 Equity Shares increasing its shareholding from 5.005% to 7.278% of the paid-up capital of the said Company.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.