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LIC hikes shareholding in Biocon

18 Sep 2024 Evaluate

Life Insurance Corporation of India (LIC) has increased its shareholding in equity shares of Biocon from 5,98,14,429 to 6,03,14,429 i.e., 4.982% to 5.023% of the paid-up capital of the said Company. 

Earlier, the company had decreased its shareholding in equity shares of DCM Shriram Industries from 58,06,760 to 40,52,635 i.e., 6.675% to 4.659% 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.

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