Stocks

LIC increases stake in Aurobindo Pharma

Our Bureau Hyderabad | Updated on August 08, 2011

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Life Insurance Corporation (LIC) of India has increased its stake in Aurobindo Pharma Ltd to above 5 per cent by acquiring over 1.67 lakh shares.

The shares were bought through an open market acquisition. Consequently, LIC's share in the Hyderabad-based company has gone up from 4.987 per cent to 5.044 per cent, the BSE e was informed on Monday.

The shares of Aurobindo Pharma closed 2.95 per cent at Rs 157.65 on the BSE.

Published on August 08, 2011

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