Life Insurance Corporation of India (LIC) has hiked its shareholding in Gail (India). The corporation’s shareholding in Gail (India) has increased from 316,561,652 to 449,287,489 Equity Shares increasing its shareholding from 4.815% to 6.833% 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.