Life Insurance Corporation of India had bought another 1.11 lakh shares of Hero MotoCorp for Rs 20.03 crore through open market on January 30.

Hero MotoCorp has informed the exchanges that following the acquisition, LIC’s stake in the auto major has increased to 5.034 per cent from 4.978 per cent.

The stock is trading 1.7 per cent lower at Rs 1,787.8 on the BSE.

(This article was published on February 5, 2013)
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