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Life Insurance Corporation of India has raised its stake in Hindalco Industries by 2.009 percentage points through open market purchases between April 16 and June 17. Following the purchase, LIC’s holding in the aluminium maker increased to 27.54 crore (or 13.33 per cent). Orbis Sicav, Merrill Lynch Capital Markets Espana, Bajaj Allianz Life Insurance Company and Skagen Kon-Tiki Verdipapirfond also hold stakes in the company.
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