LIC increases stake in Infosys in Q1 FY14

09 Jul 2013

State-owned Life Insurance Corporation of India (LIC) has acquired equity shares amounting to Rs 1,069 crore in the IT heavyweight Infosys during the quarter ended June 2013. LIC, the biggest domestic institutional investor in the equity market, held 5.96 per cent stake in Infosys in the Q4 FY13, which has now gone up to 6.72 per cent as of June 30.

However, foreign institutional investors (FIIs) trimmed their exposure in the company by almost a percent to 39.55 percent in the Q1FY14. The overseas investors held 40.52 per cent stake during the January-March quarter.

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