Life Insurance Corporation of India (LIC) has increased its shareholding in Hindustan Unilever (HUL) from 11,74,63,555 to 11,77,18,555 Equity Shares, i.e., 4.99% to 5.01% of the paid up capital of the said Company. The acquisition of shares was done on April 12, 2024 at an average cost of Rs 2248.59.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.