Reliance Industries Ltd.

Insurance behemoth Life Insurance Corporation of India (LIC) has increased its stake in Mukesh Ambani-led Reliance Industries (RIL) by 2.09 percent after buying 6.78 crore shares in the open market. At current market prices, state-run LIC’s stake in RIL is worth upwards of Rs 25,150 crore.

LIC, which had 6.98 percent stake earlier, increased its shareholding in the company to 9.08 percent by buying shares between January 23, 2010 and February 28, 2015.