Life Insurance Corporation of India (LIC) has hiked stake in Hindustan Petroleum Corporation (HPCL). The corporation’s shareholding in HPCL has increased from 6,95,16,128 to 7,11,13,128 Equity Shares increasing its shareholding from 4.901% to 5.013% 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.